Wages in Singapore increased to 5877 SGD/Month in the fourth quarter of 2020 from 5214 SGD/Month in the third quarter of 2020. source: Statistics Singapore

Wages in Singapore averaged 3484.47 SGD/Month from 1989 until 2020, reaching an all time high of 6148 SGD/Month in the first quarter of 2020 and a record low of 1302 SGD/Month in the second quarter of 1989. This page provides - Singapore Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Average Monthly Wages - values, historical data and charts - was last updated on April of 2021.

Wages in Singapore is expected to be 6200.00 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 6100.00 in 12 months time. In the long-term, the Singapore Average Monthly Wages is projected to trend around 6320.00 SGD/Month in 2022 and 6400.00 SGD/Month in 2023, according to our econometric models.

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Singapore Average Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
5877.00 5214.00 6148.00 1302.00 1989 - 2020 SGD/Month Quarterly
Current Prices, NSA

Singapore Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.30 3.60 6.00 1.40 percent [+]
Employed Persons 3597.70 3778.00 3778.00 1714.20 Thousand [+]
Unemployed Persons 139.90 110.80 139.90 25.80 Thousand [+]
Average Weekly Hours 44.70 44.80 46.30 44.70 [+]
Labor Force Participation Rate 68.10 68.00 68.30 55.30 percent [+]
Productivity 94.50 88.20 111.10 51.70 points [+]
Labour Costs 94.50 88.20 111.10 51.70 points [+]
Job Vacancies 55100.00 53300.00 67400.00 12000.00 [+]
Wages 5877.00 5214.00 6148.00 1302.00 SGD/Month [+]
Population 5.70 5.70 5.70 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 -13.40 -32.10 73.20 -121.80 Thousands Person [+]


Singapore Average Monthly Wages
In Singapore, wages are benchmarked using average monthly earnings.