Singapore Productivity  Forecast


Singapore Productivity
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Productivity in Singapore is expected to be 120.00 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 109.41 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 Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 2.2 2.3 2.4 2.4 2.4 3.1
Employed Persons 3673 3820 3929 3929 3676 4151
Unemployed Persons 103 111 119 119 93.57 133
Average Weekly Hours 45.5 45.2 45 45 45.77 44.5
Labor Force Participation Rate 68 68.7 69 69 68.26 71.5
Labour Costs 109 120 126 112 109 122
Productivity 109 120 125 111 109 124
Job Vacancies 50000 49641 52200 50500 47340 58817
Wages 4795 5500 5800 5150 4820 6200
Population 5.6 5.64 5.77 5.77 5.67 5.72
Retirement Age Women 62 62 62 62 62 62
Retirement Age Men 62 62 62 62 62 62
Employment Change -0.7 6.7 -1 12.4 11.54 12.2