Forex Trading Business

Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but separated two years later and became independent. Singapore subsequently became one of the world's most prosperous countries with strong international trading links (its port is one of the world's busiest in terms of tonnage handled) and with per capita GDP equal to that of the leading nations of Western Europe.

Main Airports

Changi (SIN)

U.S. Embassy

27 Napier Road, Singapore 258508
tel. 65-6476-9100
http://singapore.usembassy.gov/

Statistics

GDP: purchasing power parity:

$124.3 billion (2005 est.)

GDP - real growth rate:

6.4% (2005 est.)

GDP - per capita: purchasing power parity:

28,100 (2005 est.)

Inflation rate (consumer prices):

0.4% (2005 est.)

Labor force:

2.28 million ( 2005 est.)

Exports:

$204.8 billion f.o.b. (2005 est.)

Exports - partners:

Malaysia 14.7%, US 11.5%, Indonesia 10.7%, Hong Kong 10.4%, China 9.5%, Japan 6%, Thailand 4.5%, Australia 4.1% (2005)

Imports:

$188.3 billion (2005 est.)

Imports - partners:

Malaysia 14.4%, US 12.4%, China 10.8%, Japan 10.1%, Indonesia 5.5%, Saudi Arabia 4.7%, South Korea 4.5% (2005)

Population:

4,492,150 (July 2006 est.)

Population growth rate:

1.42% (2006 est.)

Population Below Poverty Line:

NA

Major 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

Employing Workers: 3*

Registering Property: 12*

Enforcing Contracts: 23*

Closing a Business: 2*

*2006 World Bank rank out of 175 countries