International organization participation: APEC, AsDB, ASEAN, BIS
(pending member), C, CCC, CP, ESCAP, G-77, IAEA, IBRD, ICAO, ICC,
ICFTU, ICRM, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat,
Interpol, IOC, ISO, ITU, MINUGUA, NAM, PCA, UN, UNCTAD, UNIKOM, UPU,
WHO, WIPO, WMO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador CHAN Heng Chee chancery: 3501 International Place NW, Washington, DC 20008 telephone: [1] (202) 537-3100 FAX: [1] (202) 537-0876
Diplomatic representation from the US: chief of mission: Ambassador Steven J. GREEN embassy: 27 Napier Street, Singapore 258508 mailing address: FPO AP 96534-0001 telephone: [65] 476-9100 FAX: [65] 476-9340
Flag description: 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
Economy-overview: Singapore has an open economy with strong service and manufacturing sectors and excellent international trading links derived from its entrepot history. Extraordinarily strong fundamentals allowed Singapore to weather the effects of the Asian financial crisis better than its neighbors, but the crisis did pull GDP growth down to approximately 6% in 1997. Projections for 1998 GDP growth are in the 4.5% to 6.5% range. Rising labor costs and appreciation of the Singapore dollar against its neighbors' currencies continue to be a threat to Singapore's competitiveness. The government's strategy to address this problem includes increasing productivity, improving infrastructure, and encouraging higher value-added industries. In applied technology, per capita output, investment, and labor discipline, Singapore has key attributes of a developed country.
GDP: purchasing power parity-$84.6 billion (1997 est.)
GDP-real growth rate: 6% (1997 est.)
GDP-per capita: purchasing power parity-$24,600 (1997 est.)
GDP-composition by sector: agriculture: NEGL% industry: 28% services: 72%