Singaporeans’ Wallets Go Further at Home and Abroad
Singapore households now boast the highest disposable incomes worldwide, as a new Wealth Growth Index crowns the city-state the fastest climber in prosperity in 2025.
Singapore surged to the top of the global wealth growth rankings this year, achieving the highest household disposable income at $150,600 and a solid 2 percent rise in real GDP per capita.
Its international purchasing power, measured by Real Effective Exchange Rate (REER), is also among the strongest globally at 121, making Singaporeans’ wallets go further at home and abroad.
Ireland and Norway Follow
Hot on Singapore’s heels is Ireland, ranking second with a wealth growth index of 60. With household disposable income of $131,200 and a higher per capita GDP growth of 2.3 percent, Ireland continues to thrive on its economic momentum.
Norway takes third place, boasting the world’s highest gross national income at nearly $99,000, paired with $101,000 in disposable income. Its purchasing power index of 73.6 trails Singapore and Ireland, but Norwegians remain among the wealthiest globally.
Switzerland, US Keep Their Edge
Switzerland ranks fourth, despite sluggish GDP growth of just 0.9 percent. With a gross national income of nearly $96,000 and a REER at 110.8, Swiss households maintain enviable prosperity.
The US comes fifth, driven by higher purchasing power (REER 130.6, second only to Iceland in the top 10). American households enjoy a disposable income of nearly $86,000, paired with GDP growth at 1.8 percent.
Nordic Strength and Iceland’s Surprise
Nordic countries punch above their weight again: Denmark (6th) delivered the second-highest GDP per capita growth in the top 10 at 2.9 percent, while Iceland (7th) surprised with the highest purchasing power in the ranking, a REER of 137.7, outpacing even the US.
Saudi Arabia’s Growth Spurt
Saudi Arabia stands out with the fastest real GDP per capita growth of 4.6 percent – the highest in the index.
Household disposable income is solid at $71,200, but gross national income remains comparatively modest at $35,500. Still, the kingdom shows how energy-driven wealth growth can lift households at speed.
Europe and Australia Round Out the Top 10
The Netherlands (9th) and Australia (10th) complete the list.
Dutch households enjoy higher disposable income than Icelanders at $84,200, while Australians balance robust GDP growth with disposable incomes topping $71,000.
Measuring Real Wealth
The Wealth Growth Index, compiled by The Forex Complex, captures not just GDP but also inflation-adjusted household disposable income, gross national income, and international purchasing power.
As the report highlights: «True prosperity today is less about raw GDP and more about how much financial comfort households actually feel. Rising disposable incomes and stronger purchasing power are critical signals that living standards are improving in tangible ways.»
