Labour Costs in Singapore increased to 110.80 Index Points in the first quarter of 2019 from 106 Index Points in the fourth quarter of 2018. Labour Costs in Singapore averaged 84.85 Index Points from 1980 until 2019, reaching an all time high of 110.80 Index Points in the first quarter of 2019 and a record low of 51.70 Index Points in the second quarter of 1980.
Labour Costs in Singapore is expected to be 108.10 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 120.50 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.