Singapore | Working age population to contract by over 330,000

“The world’s working-age population will increase by over a billion people over the next 20 years, but all growth will come in developing economies while at the same time the developed world will see its workforce shrink and age. In Singapore, the working age population will fall by 338,000 people by 2030.” writes Chris Mead in Singapore’s working age population to contract by over 330,000 on sbr.com.sg.

“The size of developed economies’ population of working age will contract by one million people. Singapore ranks 25th in the list of countries that will experience the sharpest fall in working age population between 2010-30. The Russian Federation ranks highest and is forecast to contract by 16,9 million people. Japan is second, forecast to contract by 13.0 million people.

“In contract, the increase in working age population will come from less developed or least developed nations. Topping the list is India, which will add 241.1 million people to its working age population by 2030.”

Choosen excerpts by JMM from

via Singapore’s working age population to contract by over 330,000 | Singapore Business Review.