This tiny city-state has moved up from 5th position to take
3rd with per capita income (PPP) of $82,763, which is five times the average
per capita income for an ordinary individual in the world. The basis of
Singapore's wealth is its financial services sector, a chemical export
industry, and its liberal economic policies that encourage growth and
innovation. Singapore has the second busiest port in the world, exporting $414
billion of goods in 2011 alone.
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