Communists: 200-500; Barisan Sosialis infiltrated by Communists
Member of: ADB, ANRPC, ASEAN, CCC, Colombo Plan, Commonwealth, ESCAP,
G-77, GATT, IAEA, IBRD, ICAO, IFC, IHO, ILO, IMF, IMO, INTELSAT, INTERPOL, IPU,
ISO, ITU, NAM, UN, UNESCO, UPU, WHO, WMO, WTO
Diplomatic representation: Ambassador Tommy KOH Tong Bee; Chancery at 1824 R Street NW, Washington DC 20009; telephone (202) 667-7555; US—Ambassador Robert D. ORR; Embassy at 30 Hill Street, Singapore 0617 (mailing address is FPO San Francisco 96699); telephone [65] 338-0251
Flag: two equal horizontal bands of red (top) and white; near the hoist side of the red band, there is a vertical, white crescent (closed portion is toward the hoist side) partially enclosing five white five-pointed stars arranged in a circle
- Economy Overview: Singapore has an open entrepreneurial economy with strong service and manufacturing sectors and excellent international trading links derived from its entrepot history. During the 1970s and early 1980s, the economy expanded rapidly, achieving an average annual growth rate of 9%. Per capita GDP is among the highest in Asia. In 1985 the economy registered its first drop in 20 years and achieved less than a 2% increase in 1986. Recovery was strong. Estimates for 1989 suggest a 9.2% growth rate based on rising demand for Singapore's products in OECD countries, a strong Japanese yen, and improved competitiveness of domestic manufactures.
GDP: $27.5 billion, per capita $10,300; real growth rate 9.2% (1989 est.)
Inflation rate (consumer prices): 3.5% (1989 est.)
Unemployment rate: 2% (1989 est.)
Budget: revenues $6.6 billion; expenditures $5.9 billion, including capital expenditures of $2.2 billion (FY88)
Exports: $46 billion (f.o.b., 1989 est.); commodities—includes transshipments to Malaysia—petroleum products, rubber, electronics, manufactured goods; partners—US 24%, Malaysia 14%, Japan 9%, Thailand 6%, Hong Kong 5%, Australia 3%, FRG 3%