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Wednesday, 12 June 2013

Singapore has highest ratio of millionaires in the world.

Singapore is a country which has the highest ratio of millionaires in the world. It is a country which has highly developed market based economy. Singapore is one of the original Four Asian Tigers. Th other three being Hong Kong, South Korea and Taiwan. The Singaporean economy is one of the freest, most innovative, most competitive and most business friendly. The index of economic freedom ranks Singapore as the second freest economy in the world, behind Hong Kong. Singapore is consistently ranked as one of the least corrupt countries in the world along with New Zealand and  Scandinavian countries. It has highest trade-to-GDP ratio in the world at 407.9 percent. One in every household has atleast one million US dollars in disposable wealth. Only about 4% Americans are that rich, compared to 17% in Singapore.


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