Labour Costs in Singapore increased to 108.30 Index Points in the third quarter of 2018 from 107.90 Index Points in the second quarter of 2018. Labour Costs in Singapore averaged 99.27 Index Points from 1980 until 2018, reaching an all time high of 136.30 Index Points in the first quarter of 2013 and a record low of 57.37 Index Points in the second quarter of 1980.

Labour Costs in Singapore is expected to be 118.70 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 109.50 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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Forecast Data Chart
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Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 2.00 6.00 1.40 percent [+]
Employed Persons 3669.50 3672.60 3672.60 1714.20 Thousand [+]
Unemployed Persons 106.90 102.80 124.10 25.80 Thousand [+]
Average Weekly Hours 45.00 45.50 46.30 45.00 [+]
Labor Force Participation Rate 67.70 68.00 68.30 55.30 percent [+]
Labour Costs 108.30 107.90 136.30 57.37 Index Points [+]
Productivity 108.30 107.90 136.30 57.37 Index Points [+]
Job Vacancies 63300.00 58300.00 67400.00 12000.00 [+]
Wages 4962.00 5119.00 5808.00 1302.00 SGD/Month [+]
Population 5.61 5.60 5.61 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 19.30 6.50 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
108.30 107.90 136.30 57.37 1980 - 2018 Index Points Quarterly
NSA, 2005=100




Country Last Previous
Australia 102.20 Sep/18
Brazil 105.58 Nov/18
Canada 105.63 Sep/18
China 104.80 Sep/18
Euro Area 106.40 Sep/18
France 108.20 Sep/18
Germany 115.29 Sep/18
Italy 107.00 Jun/18
Mexico 76.20 Oct/18
Netherlands 101.50 Sep/18
Singapore 108.30 Sep/18
South Africa 150.90 Jun/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 166.66 Sep/18
United Kingdom 104.80 Sep/18
United States 109.05 Sep/18


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