Earlier quoted context omitted.
LKY ruled from 1959-1990. Singapore's GDP over that time grew at a 14% compound annual growth rate: https://www.macrotrends.net/countries/SGP/singapore/gdp-gros... .
Part of that is from population growth. We can control for population growth by using GDP per capita: https://www.macrotrends.net/countries/SGP/singapore/gdp-per-... --which gives a rate of growth of 10.7%, and some of that will be inflation: the data is denominated in USD, which famously inflated rapidly in the late 1970s and early 1980s. Here is my math: solve for rate where e ^ (31 times rate ) = 11828 / 428. (I a…
Singapore's per capita GDP was close to double South Korea's in 1990, though its divorce from Malaysia was less messy than the Korean War.