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Singapore Could Be The World’s Richest Country By 2050?

Compiled by Citibank and a property consultancy Knight Frank predicts that Singapore  will be the world’s richest nation by 2050.Why Eduardo Saverin Has Company in Singapore

And by that, they mean its per capita GDP at purchasing power parity. (For those who skipped economics class, this attempts to more accurately measure the average income by considering inflation, cost of living and exchange rates.)

According to Citibank’s 2050 prediction, the top five countries by this measure will be:

1. Singapore: $137,710

2. Hong Kong: $116,639

3. Taiwan: $114,093 

4. South Korea: $107,752

And sliding in at number five, the only non-Asian nation, the U.S.: $100,802

 
Read more: globalpost