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
@Singapore:Economy
Overview: Singapore has an open entrepreneurial economy with strong service and manufacturing sectors and excellent international trading links derived from its entrepot history. The economy registered 10.1% growth in 1994, with prospects for 7.5%-8.5% growth in 1995. In 1994, the manufacturing and financial and business services sectors have led economic growth. Exports boomed, led by the electronics sector, particularly US demand for disk drives. Rising labor costs continue to be a threat to Singapore's competitiveness, but there are indications that productivity is keeping up. In applied technology, per capita output, investment, and labor discipline, Singapore has key attributes of a developed country.
National product: GDP - purchasing power parity - $57 billion (1994 est.)
National product real growth rate: 10.1% (1994)
National product per capita: $19,940 (1994 est.)
Inflation rate (consumer prices): 3.6% (1994)
Unemployment rate: 2.6% (1994)
Budget:
revenues: $11.9 billion
expenditures: $10.5 billion, including capital expenditures of $3.9
billion (FY93/94 est.)
Exports: $96.4 billion (f.o.b., 1994) commodities: computer equipment, rubber and rubber products, petroleum products, telecommunications equipment partners: Malaysia 20%, US 19%, Hong Kong 9%, Japan 7%, Thailand 6% (1994)