What good is all the money in the world if you don't have the time to spend it? Singapore ranks second among the richest countries in the world in 2025 based on gross domestic profit (GDP) per capita and after adjusting for price differences, according to an infographic by The Economist on Monday (Jan 5). However, the infographic includes a third element — prices and hours worked. With that factored in, Singapore falls to eighth place. This is among the 178 countries evaluated by The Economist, with the top three countries being Switzerland, Singapore and Norway.Switzerland takes the lead in terms of average earnings at over US$100,000 (S$128,600) per year, but falls behind due to their high cost of living, The Economist reported. In contrast, Singapore, with earnings at US$90,700 per year, has lower local costs, while Norway stands at US$86,800 per year.   Read more