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The shrinking population of Singapore has caused the policies to expedite the immigration process and expand the limitation to encourage the number of citizens in the country. The statistics report conducted in the year 2018 clearly indicates that the only solution to raise the population bar and hold the economy in place is through proficient PR selection. For a prosperous country, talent, manpower, and growth are considered to be its true assets that must be protected at all costs.
In the latest Population Trends 2019 report, there were 32,413 citizens by births in 2018, which is only 0.8% higher than in 2017. This is a worrying statistic for the Singapore Government because if replenishment of Citizens and PRs is not quick enough, the nation would likely face not only a population crunch but also a manpower and talent shortage. This will hamper the pursuit of economic growth and the maintenance of our position as one of the key economic hubs in the region and Asia.
With the declining birth rates and aging population, the government has remained steadfast in its Selective Immigration policy. The citizen population grew by 2.0%, to reach 3.5 million citizens as of June 2019. Immigration helps to moderate the impact of aging and low birth rates in our citizen population and keeps it from shrinking over the longer term. Similar to past years, Singapore grants between 15,000 and 25,000 new Citizenships annually, to individuals who are committed to making Singapore their home. They either share family ties with Singaporeans, or have studied, worked, or lived here for some time. In 2018, 22,550 Singapore Citizenships (SCs) and 32,710 PRs were granted.
In June, the population of Singapore hit 3.5 million, observing an increase of 2.0% from the previous years. However, the immigration policy has not swayed a bit even though the country finds itself in generous need of citizens to preserve its future. In common practice, the government grants citizenship status to around 25,000 applicants, 15,000 being the least. Likewise, the year 2018 observed the approval of 22,550 applications for Singapore citizens (SCs) and 32,710 applications for Permanent Residents (PRs). These candidates are those who work relentlessly to accumulate Singapore citizenship and help contribute to the country’s economy.