Singapore’s population has officially reached 6.04 million as of June 2024.
This increase was largely driven by a 5 per cent growth in the number of non-residents, which now totals 1.86 million, encompassing foreign workers, their dependents, and international students.
In contrast, the number of residents, including citizens and permanent residents, saw a smaller increase, with citizens rising by 0.7 per cent to 3.64 million and permanent residents by 1.2 per cent to 0.54 million.
The report highlights a concerning decline in birth rates, with Singapore’s total fertility rate hitting a historic low of 0.97 in 2023.
This decline in citizen births was significant, falling by 5.1 per cent compared to the previous year, contributing to an average of 31,100 annual births over the last five years, down from 33,000 in the preceding five years.
Efforts by the government to counteract this trend, such as financial incentives and enhanced parental leave, have not yet yielded the desired results.
Singapore is also facing the challenges of an ageing population, with approximately one in five residents aged 65 and older.
This demographic is projected to increase, with estimates suggesting that by 2030, one in four Singaporeans will fall into this age group.
The ageing population poses significant social and economic challenges for the city-state.
The issue of declining fertility rates and an ageing society is not unique to Singapore; many developed countries and some developing Asian nations are experiencing similar trends.
This shared challenge highlights the need for comprehensive policy solutions to address demographic changes.
Despite these challenges, Singapore continues to be recognised as a “blue zone,” known for its high life expectancy and healthy lifestyles.
The number of citizens aged 80 and above has risen significantly, from 85,000 in 2014 to 142,000 in 2024.
Here’s what to know about Singapore’s population growth amid a shrinking birth rate and ageing population.