Labour Costs in Singapore decreased to 94.20 points in the second quarter of 2021 from 103.80 points in the first quarter of 2021. source: Statistics Singapore

Labour Costs in Singapore averaged 85.47 points from 1980 until 2021, 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 October of 2021.

Labour Costs in Singapore is expected to be 102.00 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 2022 and 122.00 points in 2023, according to our econometric models.

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Singapore Labour Costs


Singapore Last Unit Reference Previous Highest Lowest
Unemployed Persons 139.90 Thousand Dec/20 110.80 139.90 25.80
Average Weekly Hours 44.00 Dec/20 44.70 46.30 44.00
Labor Force Participation Rate 68.10 percent Dec/20 68.00 68.30 55.30
Labour Costs 94.20 points Jun/21 103.80 111.10 51.70
Productivity 94.20 points Jun/21 103.80 111.10 51.70
Wages 5474.00 SGD/Month Jun/21 6159.00 6159.00 1302.00
Wages in Manufacturing 4220.00 SGD/Month Sep/13 4269.00 5056.00 3797.00
Population 5.70 Million Dec/20 5.70 5.70 1.65