Tag Archives: Jake van der Kamp

Jake van der Kamp: Singaporeans not as wealthy as GDP figures suggest

We shall start by conceding the headline figures. Yes, as of the latest statistical releases, GDP at prevailing rates of exchange runs at an annual rate of about US$52,000 per person of the total population in Singapore and US$37,000 in Hong Kong, which puts Singapore about 40 per cent ahead, not just 25 per cent. The point about GDP, however, is that it is meant to be a measure of wealth.

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