Singapore is unusual in deliberately adopting policies that will slow down economic growth. Prime Minister Lee Hsien Loong said in his 2012 New Year message that the government expected only 1 to 3 per cent economic growth this year down from 4.8 per cent last year because it is tightening the inflow of foreign workers.
This chart shows Singapore’s growth rate from 2000 to 2011. The next chart shows how the population has grown during this period. All the figures are from Singapore’s Department of Statistics website. The population data are midyear estimates.