In 2024, 100 percent of Brunei's population were middle class or above. Singapore followed, with around **** percent of its population being considered middle class or above. In contrast, **** percent of Myanmar's population earned the equivalent of the top 40 percent of global earners that year.

According to forecast data from Tellusant, **** percent of the Singaporean population in 2024 would earn at least the equivalent of the top 40 percent of global earners in 2022 constant purchasing power parity. Out of those **** percent, **** percent would earn the equivalent of the top 10 percent of global earners in 2022 constant purchasing power parity.

In 2020, ***** percent of resident employed households had a monthly income of 20 thousand Singapore dollars and over. In comparison, only **** percent of households had a monthly income of less than one thousand Singapore dollars.

In 2023, the median monthly income in Singapore amounted to ***** Singapore dollars. In that year, full-time employees had a median monthly income of ***** Singapore dollars, while part-time employees had a median monthly income of ***** Singapore dollars.

Within the ASEAN region, Singapore's disposable income per capita was projected to amount approximately **** thousand U.S. dollars. Despite, Vietnam was predicted to have the highest CAGR in terms of middle income population with **** percent from 2016 to 2021.

In 2024, the average monthly household income per household member was 4,898 Singapore dollars. This was an increase from the previous year and the highest in a ten-year period.

The Singapore life annuity insurance market, valued at $3,315.57 million in 2025, is projected to experience steady growth, driven by an aging population and increasing awareness of the need for retirement income security. A Compound Annual Growth Rate (CAGR) of 3.4% is anticipated from 2025 to 2033, indicating a consistent expansion of the market. Key growth drivers include government initiatives promoting retirement planning, rising disposable incomes among the middle class, and a growing preference for guaranteed income streams over market-dependent investments. The market is segmented by product type (life risk premium, life coinsurance, accident and health, disability income, and others) and distribution channel (offline and online). The online segment is expected to witness faster growth fueled by technological advancements and increasing digital adoption among the target demographic. Competition is intense, with established players like Allianz SE, Assicurazioni Generali S.p.A., and AXA Group vying for market share alongside local and regional insurers. These companies employ diverse competitive strategies, including product innovation, strategic partnerships, and robust digital platforms, to attract and retain customers. Regulatory changes and evolving consumer preferences pose potential challenges, demanding insurers adapt their offerings and strategies to remain competitive. The increasing popularity of hybrid products combining annuity features with other insurance benefits is also shaping the market landscape. The market's growth is largely influenced by several factors. The increasing life expectancy in Singapore necessitates longer-term financial planning, thus boosting demand for annuity products. Furthermore, the rising prevalence of chronic diseases and the need for long-term care support further fuel the demand for annuity plans that offer comprehensive coverage. Insurers are responding by developing innovative products tailored to the evolving needs of consumers, including customized annuity solutions with flexible payout options and riders for enhanced benefits. However, low interest rates present a challenge for insurers, impacting profitability and potentially influencing product pricing. Strict regulatory oversight and compliance requirements also represent a significant factor shaping market dynamics. Therefore, successful players will be those that effectively manage risk, innovate strategically, and adapt to the ever-changing regulatory environment.

Income inequality is an essential cause of violence, stagnant development, and political instability. This study will examine the positive and negative shocks in tourism development, and the distribution of the interaction between tourism development, economic growth, human capital, globalization, and income inequality will be discussed in Singapore, a developed and top-visited country. By adopting autoregressive distributed lag and non-linear autoregressive distributed lag approaches for panel data from 1978 to 2022, the results indicate an asymmetric cointegration among variables, and positive and negative changes in tourism development lead to decreased income inequality. More specifically, the asymmetric effect of tourism is found both in the short- and long-term, and positive shock has a greater impact than negative shock. At the same time, the findings also reveal that economic growth and globalization enhance, while human capital negatively affects income inequality in Singapore. These findings strengthen the belief of Singapore policy-makers and recommend several significant lessons for developing countries to promote tourism, sustainable development, and reduce income inequality.

In 2020, the estimated size of the middle class population in the six selected Southeast Asian countries Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam amounted to around *** million. That year, approximately ** million people of Indonesia's total population were part of the middle class.

Income inequality is an essential cause of violence, stagnant development, and political instability. This study will examine the positive and negative shocks in tourism development, and the distribution of the interaction between tourism development, economic growth, human capital, globalization, and income inequality will be discussed in Singapore, a developed and top-visited country. By adopting autoregressive distributed lag and non-linear autoregressive distributed lag approaches for panel data from 1978 to 2022, the results indicate an asymmetric cointegration among variables, and positive and negative changes in tourism development lead to decreased income inequality. More specifically, the asymmetric effect of tourism is found both in the short- and long-term, and positive shock has a greater impact than negative shock. At the same time, the findings also reveal that economic growth and globalization enhance, while human capital negatively affects income inequality in Singapore. These findings strengthen the belief of Singapore policy-makers and recommend several significant lessons for developing countries to promote tourism, sustainable development, and reduce income inequality.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2024, the real gross domestic product (GDP) in Vietnam grew by approximately **** percent, marking the highest growth rate in Southeast Asia. In comparison, Myanmar's real GDP growth rate dropped by **** percent. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises ** countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.