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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 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
  Levels ($) 2,897 2,927 3,000 3,249 3,480 3,705 3,770 3,949 4,056 4,232 4,437
Mid-Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

 

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 2008 - 2018 2008 - 2013 2013 - 2018 2008 - 2018 2008 - 2013 2013 - 2018
Nominal 4.4 5.0 3.7 53.2 27.9 19.8
Real^ 2.7 1.9 3.5 30.0 9.7 18.7
Annualised Changed (% p.a.) Cumulative Change (%)
Mid-Year 2008 - 2018 2008 - 2013 2013 - 2018 2008 - 2018 2008 - 2013 2013 - 2018

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.
  • 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 2014 prices (2014 = 100). 
  • Annual Wage Changes


    2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
    Total Wage Change Including Employer
    CPF Contributions (%)










     










        Nominal 4.9 -0.4 5.7 6.1 4.2 5.3 4.9 4.9 3.1 3.8 4.6
        Real^ -1.7 -1.0 2.9 0.9 -0.4 2.9 3.9 5.4 3.6 3.2 4.2
       (-0.6) (0.0) (2.4) (1.9) (0.6) (3.4) (3.7) (4.8) (2.8) (2.1) (3.3)
    Basic Wage Change (%)






















         Nominal 4.4 1.3 3.9 4.4 4.5 5.1 4.9 4.2 3.5 3.6 4.0
         Real^ -2.2 0.7 1.1 -0.8 -0.1 2.7 3.9 4.7 4.0 3.0 3.6
        (-1.1) (1.7) (0.6) (0.2) (0.9) (3.2) (3.7) (4.1) (3.2) (1.9) (2.7)
    Bonus Quantum (Months of Basic Wage)   2.31 1.99 2.17 2.32 2.19 2.21 2.21 2.17 2.16 2.14 2.06
    2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018


     

    Annualised Change in Nominal and Real Wages

    (% p.a.)



    Nominal Real^


                                        Period                                


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

    2008-2018

    4.2 3.9 2.5
    (2.5)
    2.3
    (2.2)

    2008-2013

    4.1 3.8 0.1
     (1.6)
    0.7
    (1.3)

    2013-2018

    4.3 4.0 4.1
    (3.3)
    3.8
    (3.1)
    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
    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.
  • 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 company received by a fixed cohort of employees. This table is based bonus quantum collected in the reference 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 28 May 2019 16:48:01
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