Singapore was named the world’s second-richest country in 2025 based on gross domestic product (GDP) per capita, though its standing declined once average working hours were factored into the analysis, according to The Economist.
With a GDP per capita of about US$90,700, the city-state trailed only Switzerland, which led the list at roughly US$100,000. Norway followed closely in third at US$86,800. However, when adjusted for hours worked, Norway overtook its rivals to claim the top position globally, while Qatar and Denmark secured second and third places respectively. Singapore fell to eighth place, ranking just behind the Netherlands under the new measure.
Figures from Singapore’s Ministry of Manpower indicated that local employees clocked an average of 43.3 working hours per week in 2024. In contrast, data from the International Labour Organisation showed that Norwegian workers averaged just 33.2 hours weekly over the same period — a significant gap that contributed to Norway’s rise in the adjusted rankings.
In a related study conducted by Remote.com, Singapore ranked 25th out of 60 nations in the 2025 Global Life-Work Balance Index, earning a score of 57.85 out of 100. New Zealand, Ireland, and Belgium dominated the list with scores of 86.87, 81.17, and 75.91 respectively. Despite its mid-tier ranking overall, Singapore remained Asia’s best-performing country for work-life balance.