Singapore Productivity - Forecast

Productivity in Singapore is expected to be 125.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Singapore to stand at 121.00 in 12 months time. In the long-term, the Singapore Productivity is projected to trend around 124.00 Index Points in 2020, according to our econometric models.


Singapore Productivity
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Singapore Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 2.1 2.4 2.4 2.5 2.5 3.1
Employed Persons 3670 3929 3929 3656 3929 4151
Unemployed Persons 107 119 119 99.7 119 133
Average Weekly Hours 45.5 45 45 45.62 45 44.5
Labor Force Participation Rate 68 69 69 68.12 69 71.5
Labour Costs 117 126 112 109 121 122
Productivity 117 125 111 109 121 124
Job Vacancies 53100 52200 50500 49056 55641 58817
Wages 4795 5800 5150 4820 5750 6200
Population 5.6 5.77 5.77 5.67 5.68 5.72
Retirement Age Women 62 62 62 62 62 62
Retirement Age Men 62 62 62 62 62 62
Employment Change 12.8 -1 12.4 16.95 5.1 12.2