Region: South-eastern Asia

Capital: Singapore

Population: 5,567,301 (July 2014 CIA est.)

Surface area: 692.7 sq km

Currency: Singapore dollar (SGD)

GDP per capita: Purchasing power parity US $62,400 (2013 CIA est.)

Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but separated two years later and became independent. Singapore subsequently became one of the world’s most prosperous countries with strong international trading links (its port is one of the world’s busiest in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe..

Economy – Overview:
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services sector. The economy contracted 0.6% in 2009 as a result of the global financial crisis, but rebounded 15.1% in 2010, on the strength of renewed exports, before slowing to in 2011-13, largely a result of soft demand for exports during the second European recession. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity. Singapore has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia’s financial and high-tech hub. (CIA 2014)

Major Export Commodities: machinery and equipment (including electronics), pharmaceuticals and other chemicals, refined petroleum products, food and beverages

Remittances inflows: Not available

Human Development Index 2013 ranking: 18 out of 186 countries (UNDP 2013)

Official Development Assistance and Major Development Partners: $0

Total External Debt: US $1.174 trillion (31 December 2012 CIA est.)

Life Expectancy at Birth: 84.38 years (CIA 2014)

Environmental Indicators:
Endangered Species (as a % of all species): 13.7
Forested Area (percentage of land area): 3.3
CO2 Emissions (tonnes per capita): 6.7
(UNDP 2013)

United Nations membership date: 15 December 1976

New York Mission:
Permanent Mission of the Republic of Singapore to the United Nations
231 East 51st Street
New York, N.Y. 10022 USA
Telephone: (212)-826-0840, -0841, -0842, -0843, -0844
Fax: (212)-826-2964

CIA World Factbook. Central Intelligence Agency.
World Development Indicators. World Bank
Development, Recipient Aid Charts. Organization for Economic Co-operation and Development.
Human Development Report 2013. United Nations Development Programme.

Updated January 2015