|
SINGAPORE
|
|
|
|
|
|
|
|
Singapore is a wealthy city state in south-east Asia. Once a British colonial trading post, today it is a thriving global financial hub and described as one of Asia's economic "tigers". It is also renowned for its conservatism and strict local laws and the country prides itself on its stability and security.
Singapore’s economy clocked a quicker-than-expected 2.7 per cent growth in the first quarter of 2017 from a year earlier, helped largely by continued strength in the manufacturing sector, data from the Ministry of Trade and Industry (MTI).
Across sectors, the manufacturing industry remained the key driver of growth, with year-on-year expansion of 8 per cent. That was primarily driven by the electronics and precision engineering clusters, which expanded on the back of robust global demand for semiconductors and semiconductor manufacturing equipment, MTI said.
On a quarter-on-quarter basis during 2017, the manufacturing sector contracted by 1.5 per cent, pulling back from the 39.8 per cent expansion in the preceding quarter.
At a glance:
|
Country Name
|
Republic of Singapore
|
|
Area
|
697 sq km
|
|
Capital
|
Singapore
|
|
Government type
|
Parliamentary Republic
|
|
Administrative divisions
|
None
|
|
National Holidays
|
National Day- 9 August
|
|
Fiscal year
|
1 April – 31 March
|
|
Currency
|
Singapore Dollar (SGD)
|
|
President
|
President Halimah YACOB (since 14 September 2017)
|
|
Prime Minister
|
LEE Hsien Loong (since 12 August 2004)
|
|
Population
|
5,888,926 (July 2016 est.)
|
|
Net migration rate
|
13.1 migrant(s)/1,000 populations (2017 est.)
|
|
GDP (purchasing power parity)
|
$492.6 billion (2016 est.)
|
|
GDP- composition by sector
|
Agriculture: 0%
Industry: 26.6%
Services: 73.4% (2016 est.)
|
|
Agriculture- Products
|
Orchids, vegetables; poultry, eggs; fish, ornamental fish
|
|
Industries
|
Electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade.
|
|
Major Exports
|
Machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products, foodstuffs and beverages
|
|
Major Exports - Partners
|
China 13.7%, Hong Kong 11.5%, Malaysia 10.8%, Indonesia 8.2%, US 6.9%, Japan 4.4%, South Korea 4.1% (2015)
|
|
Major Imports
|
Machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods
|
|
Major Importers ญญญ- Partners
|
China 14.2%, US 11.2%, Malaysia 11.2%, Japan 6.3%, South Korea 6.1%, Indonesia 4.8% (2015)
|
|
Natural resources
|
Fish, deepwater ports
|
|
Languages
|
Mandarin (official) 36.3%, English (official) 29.8%, Malay (official) 11.9%, Hokkien 8.1%, Tamil (official) 3.2%, Teochew 3.2%, other Indian languages 1.2%, other Chinese dialects 1.1, other 1.1% (2010 est.)
|
|
Ethnic groups
|
Chinese 74.3%, Malay 13.4%, Indian 9.1% (includes Sri Lankan), other 3.2% (2016 est.)
|
|
Climate
|
Tropical; hot, humid, rainy; two distinct monsoon seasons -Northeastern monsoon (December to March) and Southwestern monsoon (June to September); inter-monsoon - frequent afternoon and early evening thunderstorms
|
|
Ethnic groups
|
Chinese 74.3%, Malay 13.4%, Indian 9.1% (includes Sri Lankan), other 3.2% (2016 est.)
|
|
Location
|
Southeastern Asia, Islands between Malaysia and Indonesia
|