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Singapore – Dependency Ratio

Name: Singapore Dependency Ratio
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Ratio of dependents (people younger than 15 or older than 64) to the working-age population (15-64). Higher ratios imply greater economic burden on workers. · World Bank

33.94 +0.82 from 2023 G20 rank: 8th · all-time high: 89.58 (1961)

Singapore's dependency ratio was 33.94 in 2024, an increase of +0.82 from 33.13 in 2023. This ranked 8th in the G20. The all-time high was 89.58 in 1961.

APA

Singapore Dependency Ratio. HistorySaid. Retrieved March 12, 2026, from https://historysaid.com/singapore/dependency-ratio

BibTeX

@misc{historysaid_singapore_dependency-ratio,
  title = {Singapore Dependency Ratio},
  url = {https://historysaid.com/singapore/dependency-ratio},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Singapore Dependency Ratio – Historical Data
Year	Value	Change	Rank
2027* trend	35.85	–	–
2026* trend	35.22	–	–
2025* trend	34.58	–	–
2024	33.94	+0.82	8th
2023	33.13	+0.33	8th
2022	32.80	+0.47	7th
2021	32.32	+1.16	6th
2020	31.16	+0.98	4th
2019	30.19	+0.63	4th
2018	29.56	+0.71	4th
2017	28.85	+0.69	3rd
2016	28.15	+0.47	3rd
2015	27.68	+0.37	3rd
2014	27.31	+0.29	4th
2013	27.02	+0.15	4th
2012	26.87	−0.08	4th
2011	26.95	−0.39	4th
2010	27.34	−0.53	4th
2009	27.87	−0.76	4th
2008	28.63	−1.24	4th
2007	29.87	−1.30	4th
2006	31.17	−0.90	4th
2005	32.07	−0.60	4th
2004	32.66	−0.38	3rd
2003	33.04	−0.10	3rd
2002	33.14	−0.04	3rd
2001	33.19	−0.22	3rd
2000	33.41	−0.14	4th
1999	33.54	−0.07	2nd
1998	33.61	−0.43	2nd
1997	34.04	−0.76	2nd
1996	34.81	−0.78	2nd
1995	35.59	−0.55	3rd
1994	36.14	−0.28	3rd
1993	36.42	−0.15	3rd
1992	36.57	−0.14	2nd
1991	36.71	−0.28	2nd
1990	36.98	−0.47	2nd
1989	37.46	−0.52	2nd
1988	37.98	−0.62	2nd
1987	38.60	−0.60	2nd
1986	39.20	−0.18	3rd
1985	39.37	−0.09	4th
1984	39.47	−0.47	1st
1983	39.94	−0.98	1st
1982	40.92	−1.84	2nd
1981	42.76	−2.46	3rd
1980	45.22	−2.36	5th
1979	47.58	−2.29	6th
1978	49.87	−2.40	14th
1977	52.27	−2.49	24th
1976	54.77	−2.67	29th
1975	57.44	−2.84	43rd
1974	60.28	−2.93	50th
1973	63.21	−3.01	54th
1972	66.22	−3.09	58th
1971	69.31	−3.12	63rd
1970	72.43	−3.03	67th
1969	75.46	−2.82	73rd
1968	78.29	−2.54	77th
1967	80.83	−2.28	89th
1966	83.11	−2.04	102nd
1965	85.14	−1.81	118th
1964	86.95	−1.50	129th
1963	88.46	−0.95	136th
1962	89.41	−0.17	144th
1961	89.58	+0.69	151st
1960	88.89	–	147th

Show all years (1960–2024)

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +14.9% GDP growth 9.8% C/A balance 19.8%

This pattern occurred 682 times in G20 history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Singapore matched the Export Boom Cycle pattern in 2021. Historically, 67% of countries showing this pattern (460 out of 682) saw dependency ratio improve within 24 months. View full analysis →