• Mon. Apr 22nd, 2024

Economic Heat Wave: Singapore’s Productivity Takes a Hit from Extreme Heat Exposure

BySamantha Nguyen

Apr 3, 2024
Singapore’s economy could suffer losses of more than $1.5 billion due to heat strain

Singapore is known for its beautiful sunsets, but recent research shows that the country’s economic losses due to heat stress could almost double to $1.64 billion in 2035 compared to pre-pandemic levels in 2018. A study by the National University of Singapore revealed that heat strain caused an 11.3% decrease in average productivity across Singapore’s major economic sectors in 2018, including services, construction, manufacturing, and agriculture. This decline is expected to worsen in the coming years, with productivity expected to fall by 14% in 2035.

Workers who are exposed to adverse environmental conditions, such as working under the sun or being exposed to heat from machinery, face higher productivity losses. On average, workers lose around S$21 in median income for each hot day. Project HeatSafe is the first major study in Singapore and the wider region to analyze the impact of rising temperatures on productivity and health at both individual and macroeconomic levels.

Singapore is warming at a rate twice as fast as the rest of the world, with the UV index reaching extreme levels recently. This has significant implications for productivity and health in the country. The extreme heat exposure not only affects cognitive capacity and physical exertion but also poses a risk to the country’s already low fertility rate. As global temperatures continue to rise, countries worldwide will need to address the economic and health impacts of extreme heat.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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