10 Most Developed Countries in the World Heading into 2024

Page 3 of 10

8. Singapore

HDI Ranking: 12

GDP Per Capita: $82,807 

Composite Score: 8

Singapore has established itself as a significant player in global commerce, leveraging its open-market economy and pivotal role in international trade. It ranks as one of the least corrupt countries in Asia and fifth globally in the 2022 Corruption Perception Index by Transparency International. The country’s economic structure is diversified, with significant foreign investments in manufacturing and services. In 2021, US investments in Singapore totaled $294 billion, reflecting strong international economic ties.

Page 3 of 10