We Constantly Talk About Singapore’s GDP per Capita. What Does That Even Mean for Singaporeans?
By Seedly • July 8, 2020
The phenomenon is here once again.
Source: giphy
Once every five years, Singapore experiences overnight growth in the number of “Economists” and “Political Analysts” which will later subside after the election date.
While it is really encouraging to have the nation being concerned about Singapore’s economy and outlook, getting stuck in a Grab ride with a driver spreading fake news can really ruin a Friday night out.
One such ride indirectly resulted in this article.
Do note that Seedly has no affiliation with any political party.
What is Gross Domestic Product (GDP)?
We cannot talk about GDP per capita without understanding what is GDP.
Gross Domestic Product (GDP) is the total monetary value of goods and services produced by the country. It is an indicator of the economic health of the country. Economists and investors often use it in their calculation to understand the total size of the economy....
