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This is an accepted version of this page This is the latest accepted revision, reviewed on 20 January 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
In 2013, the Singaporean government announced a new development plan "Singapore 2030" for Singapore, designed to accommodate the growing population. It is assumed that the population will reach between 6.5 and 6.9 million by 2030. Singapore will increase its land area to 766 km 2 (296 sq mi) square kilometres through land reclamation from the sea.
The country's economic infrastructure was developed, racial tension was eliminated and an independent national defence system was established. Singapore evolved from a third world nation to first world nation towards the end of the 20th century. [2] In 1990, Goh Chok Tong succeeded Lee as prime minister.
In retaliation, Singapore refused to provide Sabah and Sarawak the full extent of the loans previously agreed to for the economic development of the two eastern states. [ citation needed ] The Bank of China branch of Singapore was closed by the Central Government in Kuala Lumpur as it was suspected of funding communists.
Singapore is a relatively young city-state and it obtains a title of developed country. Despite the fact that it has a lack of natural resources and an intensely competitive geographical environment, it has been growing its nation as a developmental state.
The Four Asian Tigers (a.k.a. the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. [1] Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.
Singapore has a highly developed market economy, based historically on extended entrepôt trade. Along with Hong Kong, South Korea, and Taiwan, Singapore is one of the Four Asian Tigers, and has surpassed its peers in terms of Gross Domestic Product (GDP) per capita. Between 1965 and 1995, growth rates averaged around 6 per cent per annum ...
The index was developed in 1990 by Pakistani economist Mahbub ul Haq [1] and Indian economist Amartya Sen. [2] The table below presents the latest Human Development Index (HDI) [3] for countries in Asia and the Pacific as included in a Development report of united nations development programme released on 13 March 2024 and based on data ...