First, despite its small size, Singapore has one of the largest economies in the ASEAN region. Singaporeans work very efficiently and are able to earn very high salaries. In fact, Singapore has the third highest income in the world. This is largely because they are one of the biggest exporting countries in Asia. Many goods are produced in factories and shipped to many countries through the Port of Singapore, the second busiest port on earth. Another reason for Singapore's economic success is its low corruption. Singapore consistently ranks as one of the least corrupt countries and one of the best for business. These are some of the reasons that Singapore has such a booming economy.