A Look at Singapore

Robert Hsu, March 08, 2008

Singapore is the smallest country in Southeast Asia, but it has some huge opportunities for profit. Since gaining independence forty years ago, Singapore has encouraged tourism and foreign trade and aimed to attract foreign investments, not only from China, but also from the rest of the world. Because of these efforts, Singapore's economy has grown an average of 8% per year since 1965, with per capita GDP today of $28,400 -- higher than Great Britain and the third-highest in all of Asia. And its average annual economic growth rate has grown to over 11.4%. Looking forward, I expect Singapore's economy to continue to grow, even beating expert's forecasts.

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