Labour Costs in Singapore increased to 107.70 points in the first quarter of 2022 from 102.10 points in the fourth quarter of 2021. source: Statistics Singapore

Labour Costs in Singapore averaged 85.75 points from 1980 until 2022, reaching an all time high of 111.10 points in the first quarter of 2020 and a record low of 51.70 points in the second quarter of 1980. This page provides - Singapore Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Labour Costs - values, historical data and charts - was last updated on June of 2022.

Labour Costs in Singapore is expected to be 90.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Labour Costs is projected to trend around 117.00 points in 2023 and 122.00 points in 2024, according to our econometric models.

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Singapore Labour Costs



Related Last Previous Unit Reference
Unemployed Persons 124.10 139.90 Thousand Dec 2021
Average Weekly Hours 44.00 44.70 Dec 2020
Labor Force Participation Rate 68.10 68.00 percent Dec 2020
Labour Costs 107.70 102.10 points Mar 2022
Productivity 107.70 102.10 points Mar 2022
Wages 6641.00 6282.00 SGD/Month Mar 2022
Wages in Manufacturing 4220.00 4269.00 SGD/Month Sep 2013
Population 5.70 5.70 Million Dec 2020