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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.
Singapore is an important trade partner with Pakistan. Trade volume between the 2 countries is around US$2.5 billion. Singapore exported goods worth US$2.124 billion compared to US$228 million imports from Pakistan. [11] Singapore is also one of the largest investors in Pakistan. [12] with investment around US$2 billion. [13]
This is an accepted version of this page This is the latest accepted revision, reviewed on 15 February 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) 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 ...
The self-governance of Singapore was carried out in several stages. Since the founding of Singapore in 1819, Singapore had been under the colonial rule of the British. The first local elections on a limited scale for several positions in the government of Singapore started in 1948 following an amendment to the Constitution of Singapore.
The English name of "Singapore" is an anglicisation of the native Malay name for the country, Singapura (pronounced), which was in turn derived from the Sanskrit word for 'lion city' (Sanskrit: सिंहपुर; romanised: Siṃhapura; Brahmi: 𑀲𑀺𑀁𑀳𑀧𑀼𑀭; literally "lion city"; siṃha means 'lion', pura means 'city' or 'fortress'). [9]
Singapore became an independent republic on 9 August 1965. By the 1990s, the country had established a highly developed free market economy and strong international trading links. It now has the highest per capita gross domestic product in Asia, [ 2 ] which is 7th in the world, and it is ranked 9th on the UN Human Development Index .
This article contains economic statistics of the country Singapore. The GDP, GDP Per Capita, GNI Per Capita, Total Trade, Total Imports, Total Exports, Foreign Reserves, Current Account Balance, Average Exchange Rate, Operating Revenue and Total Expenditure are mentioned in the table below for years 1965 through 2018.
Singapore maintains diplomatic relations with 189 UN member states. The three exceptions are the Central African Republic, Monaco and South Sudan. [citation needed]Singapore supports the concept of Southeast Asian regionalism and plays an active role in the Association of Southeast Asian Nations (ASEAN), of which it is a founding member.