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      YTD
  NY DJIA 26,151 6.62%
  NY NASDAQ 7,909 11.42%
  London FTSE 7,421 7.86%
  Tokyo Nikkei 21,688 -0.57%
  Shanghai SSE 3,242 23.28%
  Frankfurt DAX 11,905 8.92%
  Paris CAC 40 5,456 11.14%
  Singapore SGX 3,330 7.07%
  Malaysia KLSE 1,637 -2.24%
  Thailand SET 1,663 1.73%
 
    USD EUR
  GBP 0.77 0.86
  JPY 111.13 125.22
  EUR 0.89 -
  USD - 1.13
  CNY 6.72 7.57
  CAD 1.33 1.50
  AUD 1.40 1.58
  HKD 7.84 8.83
 
      YTD
  Gold $1,308.10 4.72%
  Brent Crude $70.91 17.23%
  Silver $15.19 2.43%
  Platinum $892.02 10.70%
  Natural Gas $2.70 -34.31%
  Wheat $459.50 -12.89%
   
    Updated On 10-04-2019
 
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Singapore
Full Name : Republic of Singapore
Area : total: 697 sq km
Government type : parliamentary republic
Population : 4,657,542 (July 2009 est.)
Independence : 9 August 1965 (from Malaysian Federation)
GDP : $237.3 billion (2008 est.)
GDP by sector : agriculture: 0% - industry: 27.8% - services: 72.2% (2008 est
 
Background

Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but separated 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.

 
Economy - Overview:

Singapore 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. The economy depends heavily on exports, particularly in consumer electronics, information technology products, pharmaceuticals, and on a growing service sector. Real GDP growth averaged 7% between 2004 and 2007, but dropped to 1.1% in 2008 as a result of the global financial crisis. The economy contracted in the last three quarters of 2008. Prime Minister LEE and other senior officials have dampened expectations for a quick rebound in 2009. Over the longer term, the government hopes to establish a new growth path that will be less vulnerable to global demand cycles especially for information technology products. It has attracted major investments in pharmaceuticals and medical technology production and will continue efforts to establish Singapore as Southeast Asia's financial and high-tech hub.

 
 
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