ECONOMY | Staff Reporter, Singapore

Singapore crowned as the world’s second best country to invest in

Guess who bagged the top spot.

Singapore has been crowned as the second best country to invest in, bested only by India, according to the inaugural Best Countries ranking. Meanwhile Vietnam, Indonesia, and Ireland ranked third to fifth, respectively.

The survey noted that the country’s Economic Development Board has positioned Singapore as an intellectual hotbed, thanks to its intellectual property policies and well-educated population. Both businesses and individuals are incentivised with plans of betterment. Further, Singapore is teeming with expats, and its status as a regional hub makes it an ideal launching pad into the broader attraction of the Asian region.

Singapore was also deemed the world’s most forward thinking country. It dominated other countries such as Japan, the US, Germany, and China, which respectively placed second to fifth.

The survey asserted that Singapore is incubating a culture that ensures its population will thrive in the coming years. It characterized the city-state as an “economic success story,” as Singapore’s GDP per capita is leagues ahead of other affluent countries within and without region, like Japan, South Korea, Hong Kong, and the United States. Moreover, Singapore places a premium on education, evidenced by the fact that it’s home to two of Asia’s top universities.

Overall, Singapore clinched the 15th spot on the Best Countries ranking. Germany topped the list, followed by Canada, the UK, the US, and then Sweden.

The survey was compiled by US News alongside University of Pennsylvania’s Wharton School, and brand consultants BAV Consulting. 

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