Diplomatic representation in the US: chief of mission: Ambassador CHAN Heng Chee chancery: 3501 International Place NW, Washington, DC 20008 telephone: (202) 537-3100 FAX: (202) 537-0876 consulate(s): New York
Diplomatic representation from the US: chief of mission: Ambassador Steven J. GREEN embassy: 27 Napier Road, Singapore 258508 mailing address: FPO AP 96507 telephone: 476-9100 FAX: 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 is blessed with a highly developed and successful free-market economy, a remarkably open and corruption-free business environment, stable prices, and the fifth highest per capita GDP in the world. Exports, particularly in electronics and chemicals, and services are the main drivers of the economy. The government promotes high levels of savings and investment through a mandatory savings scheme and spends heavily in education and technology. It also owns government-linked companies (GLCs) - particularly in manufacturing - that operate as commercial entities and account for 60% of GDP. As Singapore looks to a future increasingly marked by globalization, the country is positioning itself as the region's financial and high-tech hub.
GDP: purchasing power parity - $98 billion (1999 est.)
GDP - real growth rate: 5.5% (1999 est.)
GDP - per capita: purchasing power parity - $27,800 (1999 est.)
GDP - composition by sector: agriculture: NEGL% industry: 28% services: 72%
Population below poverty line: NA%