25 Richest Country in the World (No. 3)

°°Singapore°°

• GNI per capita: $82,503

• 2017 GDP: $480.0 billion (39th out of 196 countries)

• Population: 5.6 million

• Life expectancy at birth: 82.9 years

Sitting on the southern edge of Malaysia, Singapore is an important shipping point, connecting much of mainland Asia to the rest of the world. Singapore's economy, which has a GNI per capita of $82,503, is one of the most business-friendly in the world due in part to a lack of cumbersome regulations.

Singapore is the single largest seller of integrated circuits, or microchips, in the world. These circuits makes up 36% of Singapore's exports. As it relies heavily on the export of technology, Singapore invests a large amount, worth 2.2% of the nation's GDP, in research and development.