Subscribe Feed (RSS)Singapore population statistics
December 7th, 2006 by eyal | Filed under Asia. |
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I read some interesting statistics today at the local Straits Times newspaper over at my favourite sandwich place. They were showing some stats on foreigners and population growth. Apparently Singapore now reached a new all time high in terms of:
Overall population: 4.5M
Total Population growth rate: 3.3%
Number of foreigners: 875,000
Foreigners growth rate: 9.7%
Locals growth rate: 1.9%
This isn’t really surprising given the impressive economic expansion this year which is expected to be 7.5%-8%. For a relatively mature economy such as this one the impact is felt across the board. It explains the hike in property prices and rent. Rent has increased here by about 20-30% since 2004. Around 2002 and 2003 the number of foreigners here dropped by about 3 and 5.7% respectively while in 2004 the foreigners growth rate was flat. I was here in 2004, the growth rate was flat because there were no foreigners left to leave the place :-)
