Flag Facts The band of red denotes brotherhood and equality, while the white band signifies purity and virtue. The waxing crescent moon symbolizes a young nation on the ascendancy and the five stars represent democracy, peace, progress, justice and equality. Location: In Southeastern Asia, Singapore’s islands (about 60 of them) are between Malaysia and Indonesia. The country is about three-and-a-half times the size of Washington, D.C. Language: English and Mandarin are official languages Total Population: 5.9 million Capital: As a city-state, Singapore is both the country and its capital. Government: Parliamentary republic Religion: Buddhist (31.1%), Christian (18.9%); also Muslim, Taoist, Hindu and others. Economy: A highly developed and successful free-market economy makes Singapore a desirable place to do business, along with it being a major distribution and logistics hub and a country with favorable tax codes. Unemployment is low, and the economy depends heavily on exports, particularly of electronics, petroleum products, chemicals, medical and optical devices, pharmaceuticals, and on Singapore’s transportation, business, and financial services sectors. The U.S. was Singapore’s fourth largest source of imports in 2021, after China, Malaysia and Taiwan. The country’s GDP grew 6 percent in 2021 and its government made large-scale commitments to investing in […]
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