The Republic of Singapore, is a modern city-state and island country in Southeast Asia. The country’s territory consists of the diamond-shaped main island. The country is highly urbanized, and little of the original vegetation remains. The country’s territory has consistently expanded through land reclamation.
Singapore is one of nine countries with the top AAA rating from all credit rating agencies and the only Asian country on the list.
It is one of the world’s major commercial hubs, the fourth-largest financial centre and one of the five busiest ports. Its globalised and diversified economy depends heavily on trade, especially manufacturing, which accounted for around 30 percent of Singapore’s GDP in 2013. In terms of purchasing power parity, Singapore has the third-highest per capita income in the world but the most severe income inequality among developed countries. It places highly in international rankings with regard to education, healthcare, and economic competitiveness. Nearly 5.5 million people live in Singapore (as of end-June 2014), of which well over 2 million are foreign-born. While Singapore is diverse, ethnic Asians predominate: about 75 percent of the population is Chinese, with significant minorities of Malays, Indians, and Eurasians. There are four official languages—English, Malay, Mandarin, and Tamil—and the country promote multiculturalism through a range of official policies.
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