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This is an accepted version of this page This is the latest accepted revision, reviewed on 31 January 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
Development of average annual wages 2000–2023 (USD PPP) [2] Country 2000 2010 2020 2023 Luxembourg * 67,932 75,124 78,977 85,526 Iceland * 61,066 58,131 75,022 ...
The following list of countries by labour productivity ranks countries by their workforce productivity. ... Singapore: 73.8 2023
Singapore’s local labour force growth could stagnate in the next decade because of an ageing population, lower birth rates, relatively high labour force participation rate and low employment ...
The Progressive Wage Model (PWM), also known as the progressive wage for short, is a wage structure in Singapore, advocated by the National Trades Union Congress (NTUC), the sole national trade union in Singapore. [1]
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
There are a minority of the voluntary General Labour Contracts (GLC, collective labour agreements), reached on a sector-by-sector basis, [221] contain minimum compensation clauses, which provide for compensation ranging from CHF 2,200 to CHF 4,200 (US$2418 to US$4615) per month for unskilled workers and CHF 2,800 to CHF 5,300 (US$3077 to US ...
As of November 2022, unemployment rate is 1.9 per cent with Singapore resident unemployment rate at 2.8 and Singapore citizen unemployment rate at 2.9 percent. [10] The long-term unemployment rate for Singapore residents was 0.8 per cent as of March in 2017, up from 0.7 per cent a year earlier. [11]