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As of 8 June 2013, Singapore's unemployment rate is around 1.9% and the country's economy has a lowered growth rate, with a rate of 1.8% on a quarter-by-quarter basis—compared to 14.8% in 2010. 2015 and 2016 saw a downturn for the nation as GDP growth shrunk to just 2 percent.
The Four Asian Tigers (also known as the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. [ 1 ] Between the early 1950s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year.
Economic statistics of Singapore. This article contains economic statistics of the country Singapore. The GDP, GDP Per Capita, GNI Per Capita, Total Trade, Total Imports, Total Exports, Foreign Reserves, Current Account Balance, Average Exchange Rate, Operating Revenue and Total Expenditure are mentioned in the table below for years 1965 ...
The country's economic infrastructure was developed, racial tension was eliminated and an independent national defence system was established. Singapore evolved from a third world nation to first world nation towards the end of the 20th century. [2] In 1990, Goh Chok Tong succeeded Lee as prime minister.
Singapore, [e] officially the Republic of Singapore, is an island country and city-state in maritime Southeast Asia.It is about one degree of latitude (137 kilometres or 85 miles) north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south along with the Riau Islands in Indonesia, the South China Sea to the ...
The history of the modern state of Singapore dates back to its founding in the early 19th century; however, evidence suggests that a significant trading settlement existed on the island in the 14th century. The last ruler of the Kingdom of Singapura, Parameswara, was expelled by the Majapahit or the Siamese before he founded Malacca.
Ministry of Trade and Industry. Website. www .edb .gov .sg. Agency ID. T08GB0012H. The Economic Development Board ( EDB) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment .
Its emphasis on education partly reflects Singapore's virtual lack of natural resources and Singapore's need to develop its human resource and manpower capability in its continuing quest to build a knowledge-based economy. In the 1980s, Singapore's economy started to prosper, and the focus of Singapore's education system shifted from quantity ...