Last updated on March 19th, 2020
Facts about Singapore’s Economy
43. You don’t get rich in Singapore without thanking Singapore. Singapore prints the entire lyrics of its national anthem into its 1000 Singapore dollar notes.
44. Size doesn’t matter. The city-state which ranks at 190th in terms of size, ranks number one in terms of the salary it gives to its head of State. The Prime Minister of Singapore earns a whopping $1.7 million annually, which is four times higher than what the US president earns.
45. Singapore knows its business well. For ten consecutive years since 2006, it has topped the ease of doing business list by the World Bank.
46. Lee Kuan Yew was the first prime minister of Singapore who held the office for three decades. A deeply revered heartthrob of Singapore and an inspiration for the world, he turned Singapore into a first world country, in a single generation.
47. The millionaire concentration of Singapore is just too god-damn high. 17% of the population, or one in every six people, has assets worth $1 million or more, which is the highest in the world. A point to note down for conmen, across the globe.
48. Both the IMF and the World Bank have placed Singapore at the 3rd position in their GDP per capita list. Ironically, Malaysia from whom Singapore gained independence in 1965 is placed at the 28th on the list.
49. Singapore imports from one hand and exports from the other. Everything from sand to fresh water is imported and its entire economy is based on shipping.
50. Singapore remains the world’s most expensive city in 2016.
51. Singapore is an Asian Tiger. Nothing carnivorous, it’s just the name given to the economies of 4 Asian countries- Hong Kong, Singapore, South Korea and Taiwan, which saw tremendous growth during the late 20th century. Well, we knew the bull and the bear of economics, but the tiger is a cool addition.
52. The Changi Airport in Singapore was voted the World’s Best Airport for the fourth consecutive time in 2016.
Culture of Singapore
53. Singapore has invented food courts before it was cool. The hawker chefs of Singapore are notoriously famous for churning out world-class cuisines. They all converge on few spots which have become food hubs.
54. Singapore was long ago attacked by hordes of swordfish. A young boy worked out a brilliant plan to trap them but was killed by the king who feared his intelligence. Legend has it that the red color of the region’s soil is due to the young boy’s blood.
55. Singapore loves to enjoy good food. Every day two new restaurants are opened in Singapore. A rare feat, given its size.
56. Just the name “Garden City” didn’t satisfy Singapore’s high ambitions. The government plans to transform Singapore into a “City in a Garden”.
57. The cosmopolitan nature of Singapore can be understood by the name of its national flower; Vanda Miss Joaquim, an orchid named after an Armenian horticulturalists.
58. If you want to give a speech in Singapore learn the countries OB markers first. Singapore decides what topics are “Out of Bounds” for public discussion and debate. Incidentally, direct criticism of the government is not allowed.
59. Singapore has its own definition of success. The five C’s of Singapore: Car, cash, credit card, condominium, and country club are the five king makers in the island state.
60. The Sultanate of Malacca was founded by a Hindu king from Sumatra, Parameshwara who later converted to Islam.
61. The largest tropical orchid garden in the world can be found in the Singapore Botanic Gardens.
62. The diversity of Singapore made Singlish, a colloquial Singaporean English, the de-facto language of the state.
Singapore – country at a glance
|Independence||9 August 1965 (from Malaysian Federation)|
|Capital City||Singapore (city-state)|
|Total area||697 sq km|
|Population||6,209,660 (July 2020 est.)|
|Official Language||English, Malay, Mandarin and Tamil|
|Currency||Singapore dollar (SGD)|
|Religion||Buddhism, Islam, Hinduism and Christianity|
|Life expectancy at birth||86 Years (2020)|
Life expectancy at birth indicates the number of years a newborn infant would live if prevailing patterns of mortality at the time of its birth were to stay the same throughout its life.
|Climate||tropical; hot, humid, rainy; two distinct monsoon seasons - northeastern monsoon (December to March) and southwestern monsoon (June to September); inter-monsoon - frequent afternoon and early evening thunderstorms|
|Terrain||lowlying, gently undulating central plateau|
|Lowest point||Singapore Strait 0 m|
|Highest point||Bukit Timah 166 m|
|Natural resources||fish, deepwater ports|
|Birth rate||8.9 births/1,000 population (2020 est.)|
|Death rate||3.6 deaths/1,000 population (2020 est.)|
|Sex ratio||0.955 male(s)/female (2020 est.|
|Literacy rate||total population: 97.3%|
|Suffrage||21 years of age; universal and compulsory|
|Government type||parliamentary republic|
|Prime Minister||Lee Hsien Loong|
|National anthem||"Majulah Singapura" (Onward Singapore)|
|National symbols||lion, merlion (mythical half lion-half fish creature), orchid|
|National colors||red, white|
|National holiday||National Day, 9 August (1965)|
|Industries||electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction, life sciences, entrepot trade|
|Exports||$396.8 billion (2017 est.)|
machinery and equipment (including electronics and telecommunications), pharmaceuticals and other chemicals, refined petroleum products, foodstuffs and beverages
|Imports||$312.1 billion (2017 est.)|
machinery and equipment, mineral fuels, chemicals, foodstuffs, consumer goods
|GDP - per capita (PPP)||$94,100 (2017 est.)|
|Time zone||SST (UTC+8)|
|Drives on the||left|
|Internet country code||.sg|
|Table last updated||March 24, 2020|