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Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia. After early years of turbulence and despite lacking natural resources and a hinterland, the nation rapidly developed to become one of the Four Asian Tigers based on external trade, becoming a highly developed country. It is a major financial and shipping hub, consistently ranked the most expensive city to live in. Tourism is a major industry and contributor to the Singaporean economy. Singapore is the 5th most visited city in the world, and 2nd in the Asia-Pacific.