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ic Progressive Party or DPP [LING How Dong]; National Solidarity Party or NSP [vacant] (SDA group); Singapore Democratic Alliance or SDA [CHIAM See Tong] (includes SPP, PKMS, NSP, SJP); Singapore Democratic Party or SDP [CHEE Soon Juan]; Singapore Justice Party or SJP [Desmond LIM] (SDA group); Singapore National Malay Organization or PKMS [Malik ISMAIL] (SDA group); Singapore People's Party or SPP [CHIAM See Tong] (SDA group); Workers' Party or WP [Sylvia Lim Swee LIAN] Political pressure groups and leaders: NA International organization participation: APEC, ARF, AsDB, ASEAN, BIS, C, CP, G-77, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, MIGA, NAM, OPCW, PCA, UN, UNCTAD, UPU, WCL, WCO, WHO, WIPO, WMO, WTO Diplomatic representation in the US: chief of mission: Ambassador CHAN Heng Chee consulate(s): New York consulate(s) general: San Francisco FAX: [1] (202) 537-0876 telephone: [1] (202) 537-3100 chancery: 3501 International Place NW, Washington, DC 20008 Diplomatic representation from the US: chief of mission: Ambassador Franklin L. LAVIN embassy: 27 Napier Road, Singapore 258508 mailing address: FPO AP 96507-0001 telephone: [65] 6476-9100 FAX: [65] 6476-9340 Flag description: two equal horizontal bands of red (top) and white; near the hoist side of the red band, there is a vertical, white crescent (closed portion is toward the hoist side) partially enclosing five white five-pointed stars arranged in a circle Economy Singapore Economy - overview: Singapore, a highly developed and successful free market economy, enjoys a remarkably open and corruption-free environment, stable prices, and a high per capita GDP. The economy depends heavily on exports, particularly in electronics and manufacturing. It was hard hit in 2001-03 by the global recession and the slump in the technology sector. The government hopes to establish a new growth path that will be less vulnerable to the external business cycle but is unlikely to abandon efforts to establish Singapore as Southeast Asia's financial and high-tech hub. Fiscal stimulus, low interest rates, and global economic recovery should lead to much improved growth in 2004. GDP: purchasing power parity - $109.4 billion (2003 est.) GDP - real growth rate: 1.1% (2003 est.) GDP - per capita: purchasing power parity - $23
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