Wages in Singapore increased to 6792 SGD/Month in the fourth quarter of 2023 from 6153 SGD/Month in the third quarter of 2023. Wages in Singapore averaged 3717.61 SGD/Month from 1989 until 2023, reaching an all time high of 7021.00 SGD/Month in the first quarter of 2023 and a record low of 1302.00 SGD/Month in the second quarter of 1989. source: Statistics Singapore

Wages in Singapore is expected to be 7190.00 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 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 96.00 98.00 Thousand Dec 2023
Average Weekly Hours 44.10 44.20 Hours Dec 2022
Labor Force Participation Rate 70.00 70.50 percent Dec 2022
Labour Costs 118.80 111.00 points Dec 2023
Productivity 118.80 111.00 points Dec 2023
Wages 6792.00 6153.00 SGD/Month Dec 2023
Wages in Manufacturing 4220.00 4269.00 SGD/Month Sep 2013
Population 5.64 5.45 Million Dec 2022

Singapore Average Monthly Wages
In Singapore, wages are benchmarked using average monthly earnings.
Actual Previous Highest Lowest Dates Unit Frequency
6792.00 6153.00 7021.00 1302.00 1989 - 2023 SGD/Month Quarterly
Current Prices, NSA