Wages in Singapore
In the year 2023, the wages in Singapore was 5.28%, compared to 4.27% in 2013 and 6.77% in 2022. It averaged 3.63% over the last decade.
Singapore Wages Chart
Note: This chart displays Wages (ann. var. %) for Singapore from 2022 to 2021.
Source: Macrobond.
Singapore Wages Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Wages (ann. var. %) | 2.6 | 1.4 | 3.6 | 4.8 | 1.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Singapore wages projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable wages forecast available for Singapore wages.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Singapore wages projections.
Want to get access to the full dataset of Singapore wages forecasts? Send an email to info@focus-economics.com.