A small island nation to the south of the Malaysian Peninsula that declared full independence in 1965 has reached unprecedented economic heights in the twenty-first century. Singapore's major achievements include:
- It has the second-highest per capita GDP (PPP).
- It is the third least corrupt country.
- It is the most business-friendly country.
- Singapore has very low tax rates.
- It is a major FDI outflow-financer in the world.
Singapore is the world's most water-stressed country. As a result, water is a valuable resource for them. The majority of the country's water needs are met by rainfall. Water shortages can occur during dry spells, but they have developed a water purification system called NEWater. It recycles used water in four stages. This recycled water is safe to drink and is delivered to the city's drinking reservoirs. However, it is mostly used by industries.
Singapore's biggest skill gap is the Data Skill Gap. According to a survey conducted by Accenture and Qlik, 90% of Singapore employees understand the value of data. However, only 26% of them are at ease working with data. Others are overwhelmed when it comes to applying their data literacy skills, which include reading, comprehending, analyzing, and working with data.