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Time Time
Thursday, October 17, 2024 Capital: Singapore
Time Zone Time Zone
UTC+08:00
Time Difference Time Difference
Singapore, Singapore is ()
Daylight Savings Time Daylight Savings Time
Singapore does not follow DST
Weather Weather
Country NameSingapore
ContinentAsia
Lat/Long1.35208300, 103.81983600
BackgroundSingapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but was ousted 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.
Population5,781,728 (July 2016 est.)
LanguagesMandarin (official) 36.3%, English (official) 29.8%, Malay (official) 11.9%, Hokkien 8.1%, Cantonese 4.1%, Tamil (official) 3.2%, Teochew 3.2%, other Indian languages 1.2%, other Chinese dialects 1.1%, other 1.1% (2010 est.)
ReligionsBuddhist 33.9%, Muslim 14.3%, Taoist 11.3%, Catholic 7.1%, Hindu 5.2%, other Christian 11%, other 0.7%, none 16.4% (2010 est.)
Ethnic GroupsChinese 74.3%, Malay 13.4%, Indian 9.1% (includes Sri Lankan), other 3.2% (2016 est.)
EconomySingapore 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. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.

The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth in 2014-16 was slower than during the previous decade, at under 3% annually, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector.

The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
GDP$296.6 billion (2016 est.)
CurrencyDollar
Internet TLD.sg
Internet Users4.659 million
Land Lines2,021,500
Mobile Phones8.211 million
Broadcast MediaState controls broadcast media; 8 domestic TV stations operated by MediaCorp which is wholly owned by a state investment company; broadcasts from Malaysian and Indonesian stations available; satellite dishes banned; multi-channel cable TV service available; a total of 18 domestic radio stations broadcasting with MediaCorp operating more than a dozen and another 4 stations are closely linked to the ruling party or controlled by the Singapore Armed Forces Reservists Association; many Malaysian and Indonesian radio stations are available