SINGAPORE: Singapore’s total fertility rate (TFR) fell to a historic low of 1.1 last year, said Minister in the Prime Minister’s Office (PMO) Indranee Rajah on Friday (Feb 26).
Why does Singapore have a low fertility rate?
Extended singlehood is a key contributing factor to ultra-low fertility in East Asian societies, given that very few children are born outside marriage. For this reason, Singapore’s experience with pro-marriage policies might usefully be examined by other countries.
What country has the lowest fertility rate?
Taiwan: The country with one of the lowest birth rates in the world, Taiwan registered a record low of 1,65,249 births in 2020. Taiwan’s total fertility rate (TFR) is just 1.07 children per woman.
What has Singapore done to increase fertility?
Singapore’s current baby bonus system provides eligible parents up to S$10,000 ($7,330, £5,644) in benefits. Singapore’s fertility rate touched an eight-year low in 2018, according to government data, at a rate of 1.14 births per woman.
How will lower total fertility affect Singapore?
Analysis by Singapore Company Registration specialist Rikvin shows that Singapore’s downward fertility trend will trigger a decline in the size of the republic’s working population, a decrease in personal income tax receipts, and a subsequent increase in elderly to working adult dependency ratio.