Singapore, a sovereign city-state in Southeast Asia, is known as the 20th century’s most successful development story, having transformed from a low-income country to holding the third highest per capita income within 50 years. Today, the economy is at the outset of another transformation— this time demographic. Singapore is one of the fastest aging high-income societies and its older population will double by 2030. The same long-term, strategic approach to planning that enabled the Singaporean government to deliver rapid economic growth has informed the development of the country’s approach to aging. Conscious of the country’s geographic and natural resource constraints, the government has emphasized self-reliance and responsibility sharing among individuals, family, community, and the state. This philosophy is manifest in every aspect of its social safety net related to aging, covering pensions, health care, and long-term care.
Focused on its role of enabler, the government has made dramatic achievements in building accessible infrastructure, affordable housing, and a network of non-profit organizations. Already one of the world’s most efficient health care systems, Singapore is stepping up the effort to develop its long-term care system, with a focus on availability and affordability. The government has been keen to capitalize on the economic opportunity among the older population, with substantial progress made in tapping the productive potential among older workers. In comparison, although boasting among the world’s best information and communications technology (ICT) infrastructures, the country sees the need for more effort to improve digital inclusion among older adults and to develop digital technology and services that support independent and quality living.
In 2019, Singapore will become an aged society, having crossed the United Nations threshold of 14 percent of its population age 65 and older. Over the next decade, Singapore will become a super-aged society, defined as people age 65 and older exceeding 21 percent of the total population.
Source: United Nations, Department of Economic and Social Affairs, Population Division