Labour Costs in Singapore remained unchanged at 99.50 Index Points in the third quarter of 2019 from 99.50 Index Points in the second quarter of 2019. Labour Costs in Singapore averaged 85.04 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. source: Statistics Singapore
Labour Costs in Singapore is expected to be 120.50 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.