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Singapore records slowest decade of growth since 1965


Singapore records slowest decade of growth since 1965


Just one  year ago, the worldwide financial hub saw its population fall 0.3% to 5.69 million, the primary drop since 2003, thanks to fewer foreign arrivals on the rear of travel curbs and job losses caused by the coronavirus pandemics.

Singapore's population rose by about 1.1% annually over the past decade, the slowest rate since independence in 1965, the newest census showed on Wednesday, with locals having fewer children and immigration policies tightening.Just last year, the worldwide financial hub saw its population fall 0.3% to 5.69 million, the primary drop since 2003, thanks to fewer foreign arrivals on the rear of travel curbs and job losses caused by the coronavirus pandemic.

Like many other developed countries, Singapore is battling the implications of low birth rates and an ageing population.

Residents aged 65 years and over formed 15.2% of the population in 2020, up from 9% in 2010.

Between 2010 and 2020, the amount of Singaporean citizens increased to three .52 million from 3.23 million. But more are staying single and people who marry are having fewer children.

The average number of youngsters born to a resident female, who has been married, aged 40 to 49 years dropped to 1.76 in 2020, from 2.02 in 2010.

The median age of the resident population, which incorporates citizens and permanent residents, increased to 41.5 years in 2020 from 37.4 years in 2010, the newest census showed.

Authorities have also been accelerating immigration restrictions since the 2011 general elections when the ruling People's Action Party polled a record low share of the favored vote, hurt by citizens' anxiety over an influx of foreigners.

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