Published by Arton Capital, a Canadian global consultancy firm, the Global Passport Index ranks nations in real time based on their visa-free score, which is curated by their freedom of visa-free and visa-upon-arrival privileges when traveling of their home country.
On the other hand, the United States passport has fallen to 6th rank since President Donald Trump took office, according to the index.
The other top seven countries in the Passport Index include (in order of rank after Singapore): Germany; Sweden and South Korea are tied for third; Denmark, Finland, Italy, France, Spain, Norway, Japan, and United Kingdom are tied for fourth; Luxemburg, Switzerland, Netherlands, Belgium, Austria, and Portugal are tied for fifth; Malaysia, Ireland, Canada, and the United States of America are tied for sixth; Austria, Greece, and New Zealand are tied for seventh.
The Canadian passport didn't do as well as previous year, but it was still ranked one of the most powerful in the world in a global survey.
"Singapore has constantly increased its passport strength since it became independent in 1965", Philippe May, managing director of Arton Capital's Singapore office, told CNN. The firm ranks passports on the basis of the number of countries they can visit visa-free or with visa on arrival.
In recent months, Singapore and Germany have been tied for first place, but Singapore rose to the number-one spot after Paraguay recently removed visa requirements, Arton Capital said on October 25.
Which is why the recent news that residents of Singapore now hold the world's most powerful passport is so exciting for the 5.3 million who live their.
So which passports offer the least mobility?
That's where companies like Arton Capital come in, helping high net-worth individuals enlist in citizenship by investment programs (CIPs), where investing in a country's economy can grant easy access to more powerful passports.
Henley & Partners, working with the International Air Transport Association (IATA), releases its own Visa Restrictions Index once a year and considers 218 countries and territories for its list. Germany fell to second with 158. This comparatively low number has contributed to the low ranking for the Indian passport.