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This is an accepted version of this page This is the latest accepted revision, reviewed on 6 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.
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 history of the Republic of Singapore began when Singapore was expelled from Malaysia and became an independent republic on 9 August 1965. [1] After the separation, the fledgling nation had to become self-sufficient, however was faced with problems including mass unemployment, housing shortages and lack of land and natural resources such as petroleum.
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.
The establishment of a British trading post in Singapore in 1819 by Sir Stamford Raffles led to its founding as a British colony in 1824. This event has generally been understood to mark the founding of colonial Singapore, [1] a break from its status as a port in ancient times during the Srivijaya and Majapahit eras, and later, as part of the Sultanate of Malacca and the Johor Sultanate.
Urban planning in Singapore is the direction of infrastructure development in Singapore. It is done through a three-tiered planning framework, consisting of a long-term plan to plot out Singapore's development over at least 50 years, a Master Plan for the medium term, and short-term plans, the first two of which are prepared by the Urban ...
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.