Singapore is the richest Asian country in terms of per capita income. In 2023, Singapore has a per capita GDP at current prices of $84,734, fifth highest in the world behind Luxembourg, Ireland, Switzerland and Norway. But at per capita GDP at purchasing power parity (PPP) values, Singapore is the second highest at $127,544 just behind Luxembourg's $133,973.
The per capita GDP at PPP values of other East Asians in 2023 were: Taiwan $67,044, Hong Kong $64,538, South Korea $54,103, Japan $54,103, Malaysia $34,864, China $22,078, Thailand $21,608, Indonesia $14,014, Vietnam $13,499 and the Philippines $10,165 (Source: IMF, World Economic Outlook database Oct. 2024).
One wonders what powers or what sustains the heavy use of electricity in Singapore. Well, in 2023, Singapore was the most natural-gas intensive country in the world. Here is the percentage share of natural gas in total power generation in terawatt-hours: Singapore used about 90 percent of 57 TWH, Iran used 84 percent of 383 TWH and Egypt used 81 percent of 220 TWH.
Other Asians have these numbers: Thailand with 68 percent of 190 TWH, Taiwan with 40 percent of 282 TWH, Malaysia with 37 percent of 188 TWH, Japan with 32 percent of 1,013 TWH, S. Korea with 27 percent of 618 TWH, Indonesia with 17 percent of 351 TWH, Philippines with 14 percent of 118 TWH (Source: Energy Institute, 2024).
This story is from the November 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
ART'S HEROES AND ZEROES
2024's defining moments in art and history.
FAMILY TAPESTRIES
In my senior year of college, I was assigned to read, for a memory studies class, the memoir Subversive Lives, a generational portrait of the Marcos dictatorship years written by the Quimpo siblings.
The family Christmas tradition in Baguio
Two weeks ago, our family went on our annual Christmas trip to Baguio from Dec. 12 to 15.
Ateneo Art Gallery presents PKL Prize winners and unveils return exhibition of the Ateneo Art Awards 2024
The Ateneo Art Gallery (AAG) announced this year's winning writers for the Ateneo Art Awards 2024 Purita Kalaw-Ledesma (PKL) Prizes in Art Criticism during the Awarding Ceremony held Nov. 24.
MMFF PRODUCERS HOPEFUL FOR AUDIENCE SUPPORT
EVERY YEAR, THE METRO Manila Film Festival (MMFF) provides one of the biggest platforms for Filipino films to take the spotlight. However, not all films are created equal in the eyes of cinemas and audiences.
Take it from Kim Chiu: Celebrate the small wins
Kim Chiu is known to her legion of fans and in the local tinseltown as the \"Pinoy Big Brother: Teen\" housemate and big winner, The Chinita Princess, and the Kapamilya performer and actress.
Nomura: BSP likely to deliver three rate cuts in early 2025
Bangko Sentral ng Pilipinas (BSP) likely implement a series of 25-basis-point (bps) rate cuts during its first three meetings in 2025, Nomura Global Markets Research said.
ACMobility takes over EV charger locator
The automotive unit of the Ayala Group has acquired a startup that promotes the shift to electric vehicles by pointing drivers to the nearest charging station wherever in the Philippines.
Holiday exodus
The Christmas and New Year holiday exodus out of the city began over the weekend and will likely last until the first week of January.
ADB OKs $500-M loan for employment recovery
The Asian Development Bank (ADB) has approved a $500-million loan to the Philippines to support employment recovery through skills training and prepare the workforce for changing industry needs.