A sovereign island city-state in maritime Southeast Asia, Singapore is known for its multicultural society, tropical climate and high standard of living. It has a population of about 5.7 million people, comprising four official ethnic groups: Chinese, Malay, Indian and Eurasian. The official languages are English, Malay, Mandarin and Tamil, reflecting the historical influences of British colonialism, Malay culture, Chinese migration and Indian trade.
Singapore is a parliamentary republic with a Westminster system of unicameral parliamentary government. The head of state is the President, who is elected by popular vote for a fixed term of six years. The head of government is the Prime Minister, who is appointed by the President from the majority party or coalition in Parliament.
Singapore has a highly developed market economy that is ranked as one of the most competitive, innovative and business-friendly in the world. It has a strong and stable currency, low inflation, low unemployment and high per capita income. Singapore is also one of the world’s leading financial centers, with a large banking sector, a vibrant stock exchange and a thriving fintech industry.
Singapore’s economy is driven by its external trade, especially in manufacturing, electronics, biotechnology, pharmaceuticals and petrochemicals. It also has a thriving service sector, including tourism, education, health care and entertainment.
Singapore is widely regarded as one of the most successful examples of economic development and social transformation in modern history. It has achieved remarkable progress in education, health care, public housing, transport and environmental management. It has also maintained social harmony and political stability amid its ethnic and religious diversity.
Singapore is an active and responsible member of the international community, participating in various regional and global organizations and initiatives. It has strong diplomatic relations with many countries and plays a constructive role in promoting peace and cooperation in Asia and beyond.
