Singapore got independence from Malaysia is 1965. At the time its population was around 1.8 million. Most of the people were not educated and were merely farmers of laborers. Since then Singapore has come a long way. Being one of the most developed countries of the world it has now reached a population of 5.5 million. This total population is the combination of the nationals and residents of Singapore and the foreigners who are living in the country for work purposes and/or studying. When separated we can see that nearly 3.9 million people are citizens while 1.6 are non-citizens. The norm age of the occupant inhabitants has been progressively rising in the past years and has reached 39.6 years in 2015. Residents aged 65 years and above make up 11.8 percent of the resident population in 2015. This is a boost from 11.2 percent in 2014. The ethnic composition shows that there are about 74.3 per cent Chinese, whereas Malays are 13.3 per cent and Indians form about 9.1 percent of the resident population.
The main reason for the increased population of Singapore was that the working force was quickly lessening. The people who were babies at the time of partition and after it are now in their late years. The need for a young, strong working force arose. More middle-aged people were required to take over the tasks done by the elders. Singapore faced a problem of low birth rates. This had to be overcome, and so more immigrants were invited to take over certain jobs and add to the economy. These immigrants are not included in the resident’s population because they are not citizens. But without them, the country would not be able to function properly. Many Asian countries have improved their trading styles and have developed their economies. Soon, they will be in competition with Singapore and for that the population had/has to be grown. This can present a very big problem for the government but if the steady increase in population is continued then the problem can be contained.
The government aims to increase the population to 6.9 million by the year 2030. This will include immigrants as well. The citizens of Singapore needed to be addressed and explained the consequences of having more immigrants and fewer residents. If they realize the important of producing more babies and bringing them up in a well educated and healthy environment they will work towards achieving the goals the government has set for them. The government is working towards better health facilities for all and good housing options too. Seeing these incentives, people might consider having large families. People must understand the disadvantages of having an aging population. With an economy like Singapore’s, you need more labor as production is labor-intensive and not capital intensive. The government is introducing reforms to shift the productions to capital intensive. This might help in stabilizing production in the short run.