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Skip Navigation LinksLabour Market Statistics and Publications > Summary Table: Income
Summary Table: Income
Released on:25/6/2024 10:25 AM

​​​​​​​​​​​Summary Table: Income

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

Gross monthly income from employment is the w​idest 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.

As part of MRSD’s continued commitment to deliver accurate and relevant statistics on the labour market, our data collection processes have undergone an assessment by Ernst and Young Advisory Pte Ltd.​​

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Gross Monthly Income From Employment

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

Mid-Year 2013 2014 2015 2016 2017 2018 2019 2020 20​21 2022 2023
  Levels ($) 3,705 3,770 3,949 4,056 4,232 4,437 4,563 4,534 4,680 5,070 5,197
Mid-Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

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

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 Annualised Change (% p.a.) Cumulative Change (%)
Mid-Year
 2013 - ​2023 2013 - 2018 2018 - 2023
 2013 - 2023
 2013 - 2018 2018 - 2023
Nominal 3.4
 3.7
 3.2
 40.3
 19.8
 17.1
Real^ 2.0
 3.5
 ​0.5
 21.6
 18.7
 2.5
Annualised Changed (% p.a.) Cumulative Change (%)
Mid-Year 2013 - 2023P 2013 - 2018 2018 - 2023P 2013 - 2023P 2013 - 2018 2018 - 2023P

Source: Gross Monthly Income From Employment - 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 employment 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.
  • As data are captured from a sample survey, year-on-year income changes are prone to fluctuations and hence should always be interpreted with caution. Income growth studied over longer periods (e.g. 5 or 10 years) smooths out these fluctuations and hence provides a more direct indication of income growth.
  • ^ Deflated by Consumer Price Index (CPI) for all items at 2019 prices (2019 = 100).

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Annual Wage Changes

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 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023​​
Total Wage Change Including Employer
CPF Contributions (%)		 ​









 










    Nominal 5.3 4.9 4.9 3.1 3.8 4.6 3.9 1.2 3.9
 6.5 5.2
    Real^ 2.9 3.9 5.4 3.6 3.2 4.2 3.3 1.4 1.6
 0.4 0.4
  










Basic Wage Change (%)






















     Nominal 5.1 4.9 4.2 3.5 3.6 4.0 3.8 2.1 3.2
 5.1 5.0
     Real^ 2.7 3.9 4.7 4.0 3.0 3.6 3.2 2.3 0.9
 -1.0 0.2
    










Bonus Quantum (Months of Basic Wage)   2.21 2.21 2.17 2.16 2.14 2.06 1.94 1.79 1.84
 1.93 1.76
2013 2014 2015 2016 2017 2018 2019 2020 2021 2012 2023


 

Annualised Change in Nominal and Real Wages

(% p.a.)
Nominal​
 ​Real^


                                    Period                                

Total
Wage
Change
 (Including
Employer CPF)		 Basic
Wage
Cha​nge		 Real Total
Wage
Change
(Including
Employer CPF)		 Real
Basic
Wage
Change

2013-2023

4.​2
 3.9
 2.7
 2.5

2013-2018

4.3
 4.0
 4.1
 3.8

2018​​-2023

4.1
 3.8
 1.4
 1.1
Nominal Real^

                                    Period                                
 Total
Wage
Change
 (Including Employer CPF)		 Basic
Wage Change		 Real Total
Wage
Change
(Including Employer CPF)		 Real
Basic
Wage Change

Source: Annual Wage Changes - Survey on Annual Wage Changes, Manpower Research & Statistics Department, MOM

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.
  • Data on bonus quantum for a reference year is collected twice. Once during the reference year and once more a year later to facilitate calculation of total wage changes in the same establishment received by a fixed cohort of employees. This table is based on bonus quantum collected in the reference year.
  • ^ Deflated by Consumer Price Index for all items at 2019 prices (2019 = 100).
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