Singapore Average Monthly Wages - Forecast

Wages in Singapore is expected to be 5150.00 SGD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Singapore to stand at 5850.00 in 12 months time. In the long-term, the Singapore Average Monthly Wages is projected to trend around 6200.00 SGD/Month in 2020, according to our econometric models.


Singapore Average Monthly Wages
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Singapore Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2 2.1 2.1 2.2 2.2 2.5
Employed Persons 3670 3700 3700 3700 3750 3800
Unemployed Persons 107 109 109 109 107 113
Average Weekly Hours 45 45 45 45 45 45
Labor Force Participation Rate 67.7 69 67.79 69 67.56 71.5
Labour Costs 122 112 109 121 121 122
Productivity 122 111 109 121 121 124
Job Vacancies 52100 50500 55297 55641 54457 58817
Wages 5808 5150 4820 5750 5850 6200
Population 5.61 5.77 5.63 5.62 5.64 5.79
Retirement Age Women 62 62 62 62 62 62
Retirement Age Men 62 62 62 62 62 62
Employment Change 1.2 12.4 16.95 5.1 17.14 12.2