Labour Costs in Singapore increased to 110.80 Index Points in the first quarter of 2019 from 106 Index Points in the fourth quarter of 2018. Labour Costs in Singapore averaged 84.85 Index Points from 1980 until 2019, reaching an all time high of 110.80 Index Points in the first quarter of 2019 and a record low of 51.70 Index Points in the second quarter of 1980.

Labour Costs in Singapore is expected to be 108.10 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Singapore to stand at 120.50 in 12 months time. In the long-term, the Singapore Labour Costs is projected to trend around 122.00 Index Points in 2020, according to our econometric models.

Singapore Labour Costs
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Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 2.20 6.00 1.40 percent [+]
Employed Persons 3715.80 3669.50 3715.80 1714.20 Thousand [+]
Unemployed Persons 100.20 106.90 124.10 25.80 Thousand [+]
Average Weekly Hours 44.80 45.10 46.30 44.80 [+]
Labor Force Participation Rate 67.70 67.70 68.30 55.30 percent [+]
Labour Costs 110.80 106.00 110.80 51.70 Index Points [+]
Productivity 110.80 106.00 110.80 51.70 Index Points [+]
Job Vacancies 54700.00 57800.00 67400.00 12000.00 [+]
Wages 6005.00 5752.00 6005.00 1302.00 SGD/Month [+]
Population 5.64 5.61 5.64 1.65 Million [+]
Retirement Age Women 62.00 62.00 62.00 62.00 [+]
Retirement Age Men 62.00 62.00 62.00 62.00 [+]
Employment Change 14.70 16.90 73.20 -26.00 Thousands Person [+]


Singapore Labour Costs

This page provides - Singapore Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Labour Costs - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
110.80 106.00 110.80 51.70 1980 - 2019 Index Points Quarterly
NSA, 2015=100




Country Last Previous
Australia 103.80 Mar/19
Brazil 116.60 May/19
Canada 108.49 Mar/19
China 104.30 Jun/19
Euro Area 99.60 Mar/19
France 107.50 Mar/19
Germany 116.69 Mar/19
Italy 111.20 Mar/19
Mexico 85.70 Feb/19
Netherlands 105.20 Mar/19
Singapore 110.80 Mar/19
South Africa 156.20 Dec/18
South Korea 103.10 Dec/18
Spain 100.40 Mar/19
Turkey 188.85 Mar/19
United Kingdom 105.50 Mar/19
United States 108.71 Mar/19


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