Phnom Penh (FN), May 17 – Singapore stands head-and-shoulders above the rest of the region with a per capita GDP past USD88,000. The 734 km² country has very few natural resources. However, the country’s strategic location makes it a center for trade and commerce.
This is in sharp contrast to Brunei, Southeast Asia’s next richest country, with a per capita GDP of USD35,110. Oil is a critical part of Brunei’s economy, making it both very wealthy, but landing it in a vulnerable, resource-dependent position. Oil and gas revenues contribute half the country’s entire revenue receipts.
Two countries known for their large tourism sectors, Malaysia and Thailand rank third and fourth, at USD13,310 and USD7,810 respectively.
Finally, Indonesia is the Southeast Asia’s largest economy and the world’s fourth-most populous country, rounds out the top five with a GDP per capita of USD5,270.
This article was originally published on Voronoiapp.
=FRESH NEWS