| 27 May 2024, Monday |

Singapore population sees biggest percentage drop since 1950

The population of Singapore fell by the most significant proportion since 1950 this year, according to a report released on Tuesday, as a coronavirus-related travel ban kept foreigners away from the Asian financial powerhouse.

According to an official annual population report, the city-population state’s shrank for the second year in a row, and it was only the third time since 1950 that it experienced negative growth.

The overall population, which includes non-permanent residents who live, work, and study in Singapore, fell by 4.1 percent to 5.45 million people.

This was mostly due to a 10.7% fall in the city’s non-resident population.

Singapore, like other industrialized countries, has been facing a declining birth rate and an aging population.

During the COVID-19 pandemic, the government has offered a one-time payment to encourage Singaporeans to have children.

  • Reuters