Part 8/10:
Today, tourism plays a vital role in the Singaporean economy, attracting millions of visitors each year. With a strategic focus on hospitality and aviation, Singapore Airlines has grown into a globally recognized airline, celebrated for its exceptional service. The country’s annual revenue from tourism-related activities reflects its prowess in this sector, with a staggering $20 trillion generated in 2023.
Economic Achievements
As of 2023, Singapore's gross domestic product (GDP) per capita stands at an extraordinary $153,000, making it one of the wealthiest countries in the world, second only to Luxembourg. Despite its small size—just 734 square kilometers—Singapore boasts a total GDP of $530 billion and a remarkably low unemployment rate of 1.9%.