In 2023, the total population of Singapore is estimated to be approximately 5.7 million peopl. Population growth in the country is slow and numbers have still not recovered to pre-pandemic levels, where the pandemic's economic impact on migration saw the population fall by a quarter of a million people between 2019 and 2021.
The youth is fading
Singapore’s population is getting older, with the age bracket of those aged 65 and older increasing with every year. The median age of Singaporeans is increasing rapidly, from 34.1 years in the year 2000 to an estimated 42.4 by 2020, and it is estimated to peak at around 55 years in the middle of the century.
The old are here to stay
The majority of Singaporeans are between 25 and 60 years old. In the years to come, improving healthcare and one of the highest life expectancies at birth will see this majority shift to the elderly. Additionally, Singapore’s fertility rate is among the lowest in the world and is well below the replacement rate, which means that Singapore’s population is not only getting older but its rate of natural increase (i.e. population growth not including migration) is now negative. This trend could have economic consequences, such as lower GDP growth and increasing old-age dependency.
Singapore: Total population from 1980 to 2022 with projections until 2028
(in million inhabitants)
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IMF. (April 22, 2024). Singapore: Total population from 1980 to 2022 with projections until 2028 (in million inhabitants) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/378558/total-population-of-singapore/
IMF. "Singapore: Total population from 1980 to 2022 with projections until 2028 (in million inhabitants)." Chart. April 22, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/378558/total-population-of-singapore/
IMF. (2024). Singapore: Total population from 1980 to 2022 with projections until 2028 (in million inhabitants). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/378558/total-population-of-singapore/
IMF. "Singapore: Total Population from 1980 to 2022 with Projections until 2028 (in Million Inhabitants)." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/378558/total-population-of-singapore/
IMF, Singapore: Total population from 1980 to 2022 with projections until 2028 (in million inhabitants) Statista, https://www.statista.com/statistics/378558/total-population-of-singapore/ (last visited July 22, 2024)
Singapore: Total population from 1980 to 2022 with projections until 2028 (in million inhabitants) [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/378558/total-population-of-singapore/