Chart of the Day: Old age dependency ratio on the rise in Singapore | Singapore Business Review

Chart of the Day: Old age dependency ratio on the rise in Singapore

Singapore sees the most rapidly ageing population in Asia alongside South Korea and Taiwan.

This chart from Allianz Global Wealth Report shows that old age dependency ratio is expected to be rise even further in the next decades.

“Along with South Korea and Taiwan, Singapore is one of the most rapidly ageing countries in Asia,” the report noted.

In 2018, the Lion City’s old age dependency ratio was recorded at 19%. According to the study, it may reach up to 36.3% by 2030 and 60.6% by 2050.

Singapore, together with South Korea, and Taiwan may see its old-age dependency ratio increase from their current levels from 20% to over 60% by the middle of the century, the report said.

Old-age dependency ratio refers to the ratio of people of retirement age to the working-age population.

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

All of its key businesses were profitable in the first six months of the year.
Singtel, Keppel Corp, and OCBC Bank led the Straits Times Index on 29 July.
There seems to be a trend amongst workers looking to switch employers.
Total property income decreased by 4% but was offset by the decline in expenses. 
This is under the Special Situation Fund for Startups investment scheme. 
Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.
It plans to expand in the coming months, on the back of China’s economic recovery.
Funds will be used to modernise its portfolio.
Local financial firms are expected to remain resilient even should the economy slip into a recession again.
The Mapletree group of companies led the index on 28 July.