Labour Costs in Singapore increased to 100.10 points in the third quarter of 2022 from 98.50 points in the second quarter of 2022. source: Statistics Singapore

Labour Costs in Singapore averaged 85.90 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 November of 2022.

Labour Costs in Singapore is expected to be 95.00 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 44.20 44.00 Hours Dec 2021
Labor Force Participation Rate 70.50 68.10 percent Dec 2021
Labour Costs 100.10 98.50 points Sep 2022
Productivity 100.10 98.50 points Sep 2022
Wages 5847.00 6641.00 SGD/Month Jun 2022
Wages in Manufacturing 4220.00 4269.00 SGD/Month Sep 2013
Population 5.45 5.68 Million Dec 2021