Singapore


About Singapore

Singapore, officially the Republic of Singapore, is an island city-state off the southern tip of the Malay Peninsula, 137 kilometres (85 mi) north of the equator, south of the Malaysian state of Johor and north of Indonesia's Riau Islands. Singapore is a highly cosmopolitan World City, with a key role in international trade and finance. The country is the world's fourth leading financial centre and the Singaporean economy is often ranked amongst the world's top ten most open, competitive and innovative. Singapore has a diverse populace of 5 million people made up of Chinese, Malays, Indians, Asians and Caucasians of different ethnic origins. This is in line with the nation's history as an immigrant nation. The populace of Singapore has the sixth highest percentage of foreigners in the world. 42% of the population in Singapore are foreigners and foreigners make up 50% of the service sector. The country is also the second most densely populated in the world after Monaco. A.T. Kearney names Singapore as the most globalised country in the world in its Globalization Index. Even before independence in 1965, Singapore was already one of the richest states in East Asia due to its strategic location as a port. Singapore's GDP per capita in 1965 was $511, third highest in East Asia after Japan and Hong Kong.