National anthem:
name: "Majulah Singapura" (Onward Singapore)
lyrics/music: ZUBIR Said
note: adopted 1965; the anthem, which was first performed in 1958 at the Victoria Theatre, is sung only in Malay
Economy ::Singapore
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 financial services sector. Real GDP growth averaged 6.9% between 2004 and 2008. The economy contracted 1.3% in 2009 as a result of the global financial crisis, but rebounded nearly 15% in 2010, on the strength of renewed exports. Over the longer term, the government hopes to establish a new growth path that focuses on raising productivity growth, which has sunk to 1% per year in the last decade. Singapore 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.
GDP (purchasing power parity):
$292.2 billion (2010 est.) country comparison to the world: 41 $255 billion (2009 est.)
$258.3 billion (2008 est.)