Labour Costs in Singapore increased to 117 Index Points in the fourth quarter of 2018 from 108.30 Index Points in the third quarter of 2018. Labour Costs in Singapore averaged 99.38 Index Points from 1980 until 2018, reaching an all time high of 136.30 Index Points in the first quarter of 2013 and a record low of 57.37 Index Points in the second quarter of 1980.

Labour Costs in Singapore is expected to be 121.50 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.

Singapore Labour Costs
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Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.20 2.10 6.00 1.40 percent [+]
Employed Persons 3715.80 3669.50 3715.80 1714.20 Thousand [+]
Unemployed Persons 100.20 106.90 124.10 25.80 Thousand [+]
Average Weekly Hours 45.00 45.50 46.30 45.00 [+]
Labor Force Participation Rate 67.70 67.70 68.30 55.30 percent [+]
Labour Costs 117.00 108.30 136.30 57.37 Index Points [+]
Productivity 117.00 108.30 136.30 57.37 Index Points [+]
Job Vacancies 57800.00 63300.00 67400.00 12000.00 [+]
Wages 5752.00 4962.00 5808.00 1302.00 SGD/Month [+]
Population 5.64 5.61 5.64 1.65 Million [+]
Retirement Age Women 62.00 62.00 62.00 62.00 [+]
Retirement Age Men 62.00 62.00 62.00 62.00 [+]
Employment Change 16.90 19.30 73.20 -26.00 Thousands Person [+]


Singapore Labour Costs

This page provides - Singapore Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Labour Costs - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
117.00 108.30 136.30 57.37 1980 - 2018 Index Points Quarterly
NSA, 2010=100




Country Last Previous
Australia 103.60 Dec/18
Brazil 120.65 Feb/19
Canada 107.34 Dec/18
China 104.30 Mar/19
Euro Area 116.60 Dec/18
France 108.50 Dec/18
Germany 115.62 Dec/18
Italy 108.70 Dec/18
Mexico 86.40 Jan/19
Netherlands 108.30 Dec/18
Singapore 117.00 Dec/18
South Africa 154.00 Sep/18
South Korea 109.40 Sep/18
Spain 106.00 Dec/18
Turkey 162.85 Dec/18
United Kingdom 105.60 Dec/18
United States 109.78 Dec/18


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