Compensation of employees in Singapore
Singapore: Compensation of employees was 18.8% in 2023. ▼ Falling
Compensation of employees in Singapore, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Singapore recorded 18.8% for compensation of employees in 2023.
Compared with earlier readings it is down 6.5% on the previous year and down 36.6% over ten years.
Over the whole period, compensation of employees in Singapore peaked at 44.0% in 1994 and was at its lowest, 14.3%, in 2020.
Singapore ranks 104th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Compensation of employees in Singapore, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 41.3% | — |
| 1973 | 38.4% | -6.9% |
| 1974 | 40.3% | +4.9% |
| 1975 | 40.0% | -0.7% |
| 1976 | 39.7% | -0.7% |
| 1977 | 38.2% | -3.8% |
| 1978 | 39.8% | +4.0% |
| 1979 | 39.5% | -0.6% |
| 1980 | 36.9% | -6.7% |
| 1981 | 35.9% | -2.8% |
| 1982 | 37.1% | +3.5% |
| 1983 | 36.9% | -0.6% |
| 1984 | 35.2% | -4.5% |
| 1985 | 41.4% | +17.7% |
| 1986 | 29.8% | -28.2% |
| 1987 | 23.0% | -22.8% |
| 1988 | 31.6% | +37.3% |
| 1989 | 31.5% | -0.2% |
| 1990 | 31.4% | -0.3% |
| 1991 | 28.1% | -10.5% |
| 1992 | 29.6% | +5.1% |
| 1993 | 31.1% | +5.3% |
| 1994 | 44.0% | +41.3% |
| 1995 | 38.7% | -12.1% |
| 1996 | 29.0% | -24.9% |
| 1997 | 34.2% | +17.8% |
| 1998 | 30.6% | -10.6% |
| 1999 | 32.4% | +5.9% |
| 2000 | 29.3% | -9.5% |
| 2001 | 27.4% | -6.6% |
| 2002 | 31.0% | +13.1% |
| 2003 | 30.6% | -1.1% |
| 2004 | 31.1% | +1.6% |
| 2005 | 34.0% | +9.3% |
| 2006 | 28.3% | -16.8% |
| 2007 | 32.1% | +13.7% |
| 2008 | 27.2% | -15.5% |
| 2009 | 27.0% | -0.5% |
| 2010 | 30.4% | +12.5% |
| 2011 | 27.2% | -10.6% |
| 2012 | 28.7% | +5.7% |
| 2013 | 29.6% | +3.2% |
| 2014 | 28.7% | -3.3% |
| 2015 | 23.8% | -16.8% |
| 2016 | 26.6% | +11.6% |
| 2017 | 26.5% | -0.4% |
| 2018 | 24.8% | -6.3% |
| 2019 | 24.5% | -1.5% |
| 2020 | 14.3% | -41.6% |
| 2021 | 20.7% | +44.7% |
| 2022 | 20.1% | -2.8% |
| 2023 | 18.8% | -6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.7% | 38.2% | 41.3% | 8 |
| 1980s | 33.9% | 23.0% | 41.4% | 10 |
| 1990s | 32.9% | 28.1% | 44.0% | 10 |
| 2000s | 29.8% | 27.0% | 34.0% | 10 |
| 2010s | 27.1% | 23.8% | 30.4% | 10 |
| 2020s | 18.5% | 14.3% | 20.7% | 4 |
Countries ranked near Singapore
More public sector data for Singapore
- Arms imports 348.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 57.65 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0006 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -27.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 348.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,495 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0263 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.2 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 15.06 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 672,702 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is compensation of employees in Singapore?
- Compensation of employees in Singapore was 18.8% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Singapore?
- The highest recorded value was 44.0% in 1994.
- What is the lowest compensation of employees recorded in Singapore?
- The lowest recorded value was 14.3% in 2020.
- How does Singapore rank for compensation of employees?
- Singapore ranks 104th out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Singapore?
- Over the last ten years it is down 36.6%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (% of expense). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.