(Bloomberg) -- Singapore’s population crossed six million for the first time, as the percentage of non-residents increased more than that of residents, a government report showed.
Total population rose 2% from a year ago to touch 6.04 million as of June 2024, due mainly to a 5% growth in the number of non-residents to 1.86 million — a group that includes foreign workers dependents and international students, according to the report Tuesday. Citizen numbers increased by 0.7% to 3.64 million, while permanent residents climbed 1.2% to 0.54 million.
At the same time, the report showed the city-state was grappling with falling birth rates. Singapore’s resident total fertility rate dropped to a historic low of 0.97 in 2023, while citizen births was down 5.1% on-year to 28,877. The average number of annual births in the last five years was 31,100, a number lower than the 33,000 recorded in the preceding five years.
Singapore’s low birth rate was despite the island nation trying various ways to arrest the declining numbers, including providing financial assistance to defray the cost of having babies, and recently easing egg freezing rules and boosting parental leave support. That trend comes at a time when its population is aging rapidly.
About one in five Singaporeans were aged 65 and above in June, the report showed, even as the city-state separately estimated that proportion to change to one in four by 2030.
Still, the challenge of a shrinking fertility rate and an aging society isn’t unique to Singapore. Many developed countries, as well as developing nations in Asia, are grappling with a similar situation.
Singapore, which has been counted as one of the six places on earth known for people with the longest and healthiest lifespans, retained its reputation as a “blue zone.” The number of citizens aged 80 and above increased by to 142,000 in 2024 from 85,000 in 2014, the report showed.
(Adds details on falling birth rates, aging society)
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