Wages in Singapore increased to 6622 SGD/Month in the fourth quarter of 2022 from 5796 SGD/Month in the third quarter of 2022. source: Statistics Singapore

Wages in Singapore averaged 3634.15 SGD/Month from 1989 until 2022, reaching an all time high of 6641.00 SGD/Month in the first quarter of 2022 and a record low of 1302.00 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 March of 2023.

Wages in Singapore is expected to be 6950.00 SGD/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Average Monthly Wages is projected to trend around 7310.00 SGD/Month in 2024 and 7500.00 SGD/Month in 2025, according to our econometric models.

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Singapore Average Monthly Wages

Related Last Previous Unit Reference
Unemployed Persons 98.00 124.10 Thousand Dec 2022
Average Weekly Hours 44.20 44.00 Hours Dec 2021
Labor Force Participation Rate 70.50 68.10 percent Dec 2021
Labour Costs 114.10 101.70 points Dec 2022
Productivity 114.10 101.70 points Dec 2022
Wages 6622.00 5796.00 SGD/Month Dec 2022
Wages in Manufacturing 4220.00 4269.00 SGD/Month Sep 2013
Population 5.45 5.68 Million Dec 2021

Singapore Average Monthly Wages
In Singapore, wages are benchmarked using average monthly earnings.
Actual Previous Highest Lowest Dates Unit Frequency
6622.00 5796.00 6641.00 1302.00 1989 - 2022 SGD/Month Quarterly
Current Prices, NSA