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COUNTRY INFORMATION
GEOGRAPHY
Singapore is generally flat, with much of the island lying within 15m of sea level. The highest
point of the island’s surface reaches 164 m.
Singapore can be geographically divided into three major areas – the central hilly area with
heavy deposits of granite in Bukit Timah, Bukit Panjang, Bukit Mandai and Bukit Batok; the
western undulating area comprising Mount Faber Ridge and Pasir Panjang Ridge; and the eastern
coastal area consisting of alluvium and sediment stretches from Katong to Bedok and Changi.
POPULATION
ECONOMY
Singapore has a highly developed and diversified economy, characterized by free-market policies
and a strong emphasis on trade and manufacturing. The country is a major financial center, with
a robust banking and finance sector. It is also a leading global hub for shipping, logistics, and
technology. Singapore has consistently ranked high in terms of ease of doing business and
competitiveness.
Despite being small-sized, the local customs and cultures of Singapore are a blend of multiple
ethnic influences including Chinese, Malay, Indians and others, the reason being the country's
history as a trading hub. This diversity is also reflected in terms of spoken languages which
include English, Mandarin, Tamil and Malay. Some popular Singaporean customs and traditions
are:
While meeting a Singaporean formally or informally, make sure to shake hands firmly
with all, even when departing. A slight bow while shaking hands is considered respectful.
Take off the shoes before entering anyone's house. Also, remember to take them off
before visiting any temple or mosque.
Make sure never to pinpoint someone or something with a finger, just raise your hand for
indication.
Cleanliness in Singapore, Singapore is by far one of the cleanest countries, not only in Asia but
the rest of the world. Starting right from the spick and span Changi Airport right up to the
spotless streets and by-lanes, there is absolutely no littering anywhere. To maintain the
cleanliness, chewing gum is banned in Singapore.
The Merlion, , A mythical creature with the head of a lion and the body of a fish, is an iconic
symbol of Singapore's cultural identity. It represents the country's origins as a fishing village
(symbolized by the fish) and its transformation into a vibrant city (symbolized by the lion). The
Merlion has become an emblematic figure featured in tourism promotions and national imagery.
Arts and Heritage, Singapore's cultural landscape is enriched by its arts and heritage scene,
which encompasses traditional art forms like Chinese opera, Malay dance, and Indian classical
music, as well as contemporary expressions in literature, theater, film, and visual arts.
Institutions like the National Gallery Singapore, Singapore Art Museum, and Esplanade –
Theatres on the Bay showcase local and international talent, contributing to the vibrancy of
Singapore's cultural scene.
The economy of Singapore is based on a mixed economy that resembles a market economy. The
country’s economic system combines elements of a market economy and a planned economy,
individuals are free to work, produce, consume, and invest in any way they please.
Singapore boasts a highly developed free-market economy. Key sectors include manufacturing,
particularly electronics and biotechnology, and a highly efficient and growing services sector.
Known as a financial hub, it has strong banking, insurance, and asset management industries.
In Singapore, the economy is composed of a private sector, consisting of individuals and
businesses that make autonomous decisions based on self-interest, and a public sector, where the
state determines the production and distribution of certain goods and services. No country is
purely capitalist or purely communist.
In 2022, Singapore exported a total of $379B, making it the number 21 exporter in the world.
During the last five reported years the exports of Singapore have changed by $33B from $346B
in 2017 to $379B in 2022
MTI Maintains 2024 GDP Growth Forecast at “1.0 to 3.0 Per Cent”
15 February 2024. The Ministry of Trade and Industry (MTI) announced today that the
Singapore economy expanded by 1.1 per cent in 2023. MTI has maintained the GDP growth
forecast for 2024 at 1.0 to 3.0 per cent.
In 2022, Singapore exported a total of $379B, making it the number 21 exporter in the world.
During the last five reported years the exports of Singapore have changed by $33B from $346B
in 2017 to $379B in 2022
REFFERENCE
Ho, R. , Leinbach, . Thomas R. , Kennard, . Annajane and Winstedt, . Richard Olof (2024, March
20). Singapore. Encyclopedia Britannica. https://www.britannica.com/place/Singapore
Holidify. (2023, June 13). The culture of Singapore - where east meets west!
https://www.holidify.com/pages/culture-of-singapore-1161.html
Montoya, J. D. (2023, August 14). The Singapore Economic System: An Analysis - Economic Activity. Economic
Activity. https://www.economicactivity.org/the-singapore-economic-system-an-analysis/