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​Summary Table: Income

Income from employment is a key indicator of economic well-being.

Gross monthly income from work is the widest measure of income from employment, covering both employees and the self-employed. For income of a typical worker, look at the median gross monthly income. This is the income in the middle, after the workers are ranked by their income.

If you are interested in wage increases that employers give over the year, then look at the annual wage changes. This indicator provides a breakdown of changes in total wages into basic wages and bonuses.

 

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Gross Monthly Income From Work

 

Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents

Mid-Year 2006 2007 ​2008 2009 2010 2011 2012 2013 2014​ 2015
  Levels ($) 2,449 2,543 2,897 2,927 3,000 3,249 3,480 3,705 3,770 3,949
Mid-Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

 

Change in Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents


Annualised Change (% p.a.) Cumulative Change (%)
Mid-Year 2006-2015 2006-2010 2010-2015 2014-2015 2006-2015 2006-2010 2010-2015​
Nominal 5.5 5.2 5.7 4.7 61.2 22.5 31.6
Real^ 2.6 2.1 3.0 5.3 26.4 8.8 16.2
​(3.0) ​(2.5) (3.4)​ (4.6)​ (30.5)​ ​(10.5) ​(18.1)
Annualised Changed (% p.a.) Cumulative Change (%)
Mid-Year 2006-2015 2006-2010 2010-2015 2014-2015 2006-2015 2006-2010 2010-2015​

Source: Gross Monthly Income From Work - Comprehensive Labour Force Survey, Manpower Research & Statistics Department, MOM ​
Latest figures published in: Labour Force in Singapore

Notes:
  • Data exclude full-time National Servicemen.
  • Data are for mid-year.
  • Residents refer to Singapore Citizens and Permanent Residents.
  • Gross monthly income from work refers to income earned from employment. For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses. For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.
  • Before 2009, full-time refers to employment where the normal hours of work is at least 30 hours a week while part-time refers to employment where the normal hours of work is less than 30 hours a week. From 2009 onwards, the threshold between full-time and part-time was revised from 30 hours to 35 hours to align with the revised definition in the Employment Act.
  • Data for 2005 are not available as the Comprehensive Labour Force Survey was not conducted due to the conduct of the General Household Survey by Department of Statistics, Ministry of Trade and Industry. 
  • ^ Deflated by Consumer Price Index for all items at 2014 prices (2014 = 100). Figures in brackets are deflated by Consumer Price Index less imputed rentals on owner-occupied accommodation at 2014 prices (2014 = 100).

Annual Wage Changes


2005 2006 2007 2008 2009 2010 2011 2012 2013 2014​ 2015
Total Wage Change Including Employer
CPF Contributions (%)










 










    Nominal 4.3 4.5 6.6 4.9 -0.4 5.7 6.1 4.2 5.3 4.9 4.9
    Real^ 3.8 3.5 4.5 -1.7 -1.0 2.9 0.9 -0.4 2.9 3.9 5.4
   (3.7) (3.4) (4.4) (-0.6) (0.0) (2.4) (1.9) (0.6) (3.4)​ (3.7)​ (4.8)
Basic Wage Change (%)






















     Nominal 3.1 3.6 4.3 4.4 1.3 3.9 4.4 4.5 5.1 4.9 4.2
     Real^ 2.6 2.6 2.2 -2.2 0.7 1.1 -0.8 -0.1 2.7 3.9 4.7
    (2.5) (2.5) (2.1) (-1.1) (1.7) (0.6) (0.2) (0.9) (3.2)​ (3.7)​ (4.1)
Bonus Quantum (Months of Basic Wage)   2.06 2.18 2.36 2.31 1.99 2.17 2.32 2.19 2.21 2.21 2.17
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015


 

Annualised Change in Nominal and Real Wages

(% p.a.)



Nominal ​Real^


                                    Period                                


Total
Wage
​Change
 (Including
Employer CPF)
Basic
Wag​e
Change
Real Total
Wage
Change
(Including
Employer CPF)
Real
Basic
Wage
Change

2005-2015

4.6 4.1 2.1
(2.4)
1.5
(1.8)

2005-2010

4.2 3.5 1.6
 (1.9)
0.9
(1.2)

2010-2015

5.1 4.6 2.5
(2.9)
2.1
(2.4)
Nominal ​Real^

                                    Period                                
Total
Wage
​Change
 (incl employer CPF)
Basic
Wag​e Change
Real Total
Wage
Change
(incl employer CPF)
Real
Basic
Wage Change
​​

Source: Annual Wage Changes - Survey on Annual Wage Changes, Manpower Research & Statistics Department, MOM
Latest figures published in: Report On Wage Practices

Notes:
  • Data pertain to wage increases granted by private sector establishments (with at least 10 employees) to full-time resident employees in continuous employment for at least a year.
  • ^ Deflated by Consumer Price Index for all items at 2014 prices (2014 = 100). Figures in brackets are deflated by Consumer Price Index less imputed rentals on owner-occupied accommodation at 2014 prices (2014 = 100).
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Last updated on 10 June 2016 18:12:27
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