This is rather amazing. Singapore is the highest ranking in Asia and even on top of Hong Kong, Korea and Japan. The Human Development Report is about 'Sustaining Human Progress: Reducing Vulnerability and Building Resilience'. In simple english, it is about how each countries have progressed in human-centred development.
Singapore ($72k) is way ahead of its neighbours like Indonesia (108), Malaysia (62), Philippines (117), Thailand (89), and even China (91). Is this $72k realistic or exagerated? Well, it equals to about $6k or S$7,380 per month. A lot of graduates would have easily reach this income level in their late twenties or early thirties. Just need to look around your friends and colleagues or yourself.
So what is the make up of this ranking? Income is one of the components. Gross National Income (GNI) is only behind Qatar ($119k), Kuwait ($85k), Liechtenstein ($87k) but lagging way behind in other components like life expectancy and schooling. Looking at the progress of Singapore, it is likely this ranking will only go up.
Singapore ($72k) is way ahead of its neighbours like Indonesia (108), Malaysia (62), Philippines (117), Thailand (89), and even China (91). Is this $72k realistic or exagerated? Well, it equals to about $6k or S$7,380 per month. A lot of graduates would have easily reach this income level in their late twenties or early thirties. Just need to look around your friends and colleagues or yourself.
So what is the make up of this ranking? Income is one of the components. Gross National Income (GNI) is only behind Qatar ($119k), Kuwait ($85k), Liechtenstein ($87k) but lagging way behind in other components like life expectancy and schooling. Looking at the progress of Singapore, it is likely this ranking will only go up.
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