PM Lee's 20-Year Legacy As PM: Sinkies Median Income Up From $2100 To $5200, Gini Ine

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PM Lee's 20-Year Legacy As PM: Sinkies Median Income Up From $2100 To $5200, Gini Ine

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12-05-2024, 06:10 PM

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PM Lee's 20-Year Legacy As PM: Sinkies Median Income Up From $2100 To $5200, Gini Ine

An honorable member of the Coffee Shop Has Just Posted the Following:

Over the last 20 years, Singapore’s gross domestic product has more than doubled, from S$228 billion to S$532 billion (US$168 billion to US$392 billion).

The median gross monthly income of Singapore residents has also climbed from S$2,326 to S$5,197.

Under Mr Lee’s watch, Singapore saw lower inequality, with the Gini coefficient after government transfers and taxes dropping from 0.42 to 0.37.

https://www.channelnewsasia.com/sing...litics-4326166

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