Singapore Labour Productivity Growth

1986 - 2024 | Quarterly | % | CEIC Data

Key information about Singapore Labour Productivity Growth

  • Singapore Labour Productivity improved by 4.10 % YoY in Sep 2024, compared with a growth of 1.60 % in the previous quarter
  • Singapore Labour Productivity Growth data is updated quarterly, available from Mar 1986 to Sep 2024, averaging at 2.20 %
  • The data reached an all-time high of 20.10 % in Jun 2021 and a record low of -13.00 % in Mar 2009

CEIC extends history for quarterly Labour Productivity Growth. The Singapore Department of Statistics provides Labour Productivity Growth at 2015 prices. Labour Productivity Growth prior to Q1 1992 is based on 1995 prices. Employment includes members of the Singapore Armed Forces

View Singapore's Labour Productivity Growth from Mar 1986 to Sep 2024 in the chart:

Singapore Labour Productivity Growth

What was Singapore's Labour Productivity Growth in Sep 2024?

Singapore Labour Productivity improved by 4.10 % YoY in Sep 2024, compared with a growth of 1.60 % in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.10 Sep 2024 1.60 Jun 2024 -13.00 Mar 2009 20.10 Jun 2021 % quarterly Mar 1986 - Sep 2024

Labour Productivity Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 1.59 Jun 2023 quarterly Mar 2010 - Jun 2023
Algeria (%) 0.71 2023 yearly 1992 - 2023
Argentina (%) -4.29 2023 yearly 1992 - 2023
Armenia (%) 8.23 Jun 2024 quarterly Mar 2009 - Jun 2024
Australia (%) -1.38 Jun 2024 quarterly Jun 1979 - Jun 2024
Austria (%) -0.77 Jun 2024 quarterly Mar 2005 - Jun 2024
Azerbaijan (%) 3.27 Jun 2024 quarterly Mar 2009 - Jun 2024
Bahrain (%) -4.05 Jun 2023 quarterly Mar 2009 - Jun 2023
Bangladesh (%) 4.20 2023 yearly 1992 - 2023
Belarus (%) 5.31 Jun 2024 quarterly Mar 2006 - Jun 2024
Belgium (%) -0.31 Jun 2024 quarterly Mar 2000 - Jun 2024
Bolivia (%) 0.41 2023 yearly 2000 - 2023
Bosnia and Herzegovina (%) -0.81 2023 yearly 2007 - 2023
Botswana (%) 7.29 Dec 2022 quarterly Sep 2008 - Dec 2022
Brazil (%) 1.85 2023 yearly 1992 - 2023
Brunei (%) -1.49 2023 yearly 1992 - 2023
Bulgaria (%) 0.56 Jun 2024 quarterly Mar 2001 - Jun 2024
Cambodia (%) 1.04 2021 yearly 2008 - 2021
Canada (%) -0.17 Sep 2024 quarterly Mar 1977 - Sep 2024
Chile (%) -0.25 Sep 2024 quarterly Mar 1987 - Sep 2024
China (%) 4.27 2023 yearly 1953 - 2023
Colombia (%) 1.45 Sep 2024 quarterly Mar 2002 - Sep 2024
Croatia (%) -1.53 Sep 2024 quarterly Mar 2008 - Sep 2024
Cyprus (%) 1.85 Sep 2024 quarterly Jun 2005 - Sep 2024
Czech Republic (%) -1.09 Jun 2024 quarterly Mar 1997 - Jun 2024
Denmark (%) 2.92 Sep 2024 quarterly Mar 1991 - Sep 2024
Ecuador (%) 0.24 2022 yearly 1992 - 2022
Egypt (%) 0.46 Jun 2024 quarterly Mar 2004 - Jun 2024
Estonia (%) -1.39 Sep 2024 quarterly Mar 1996 - Sep 2024
European Union (%) 0.29 Sep 2024 quarterly Mar 2006 - Sep 2024
Finland (%) 0.50 Jun 2024 quarterly Mar 1991 - Jun 2024
France (%) -0.13 2023 yearly 1979 - 2023
Georgia (%) 3.38 2023 yearly 1997 - 2023
Germany (%) 0.00 Sep 2024 quarterly Mar 1992 - Sep 2024
Ghana (%) 0.65 2023 yearly 1992 - 2023
Greece (%) 1.73 Jun 2024 quarterly Mar 1996 - Jun 2024
Hong Kong SAR, China (%) 2.22 Sep 2024 quarterly Dec 1982 - Sep 2024
Hungary (%) -0.75 Sep 2024 quarterly Mar 1999 - Sep 2024
Iceland (%) -6.43 Sep 2024 quarterly Mar 2004 - Sep 2024
India (%) 2.38 2022 yearly 1992 - 2022
Indonesia (%) 1.63 2023 yearly 2001 - 2023
Iran (%) 3.00 2023 yearly 1992 - 2023
Ireland (%) -4.71 Sep 2024 quarterly Mar 1999 - Sep 2024
Israel (%) -2.24 Sep 2024 quarterly Mar 2013 - Sep 2024
Italy (%) -1.08 Sep 2024 quarterly Mar 1997 - Sep 2024
Ivory Coast (%) 3.12 2023 yearly 1992 - 2023
Japan (%) -0.12 Sep 2024 quarterly Mar 1995 - Sep 2024
Jordan (%) 1.17 2021 yearly 2001 - 2021
Kazakhstan (%) 3.91 Dec 2023 quarterly Mar 2002 - Dec 2023
Kenya (%) 2.70 2022 yearly 2011 - 2022
South Korea (%) 0.98 Sep 2024 quarterly Sep 1983 - Sep 2024
Kosovo (%) -6.22 Dec 2023 quarterly Mar 2017 - Dec 2023
Kuwait (%) 1.60 2018 yearly 1992 - 2018
Kyrgyzstan (%) 3.15 2023 yearly 1993 - 2023
Laos (%) 1.51 2023 yearly 1992 - 2023
Latvia (%) 0.11 Jun 2024 quarterly Mar 2003 - Jun 2024
Lebanon (%) 2.12 2023 yearly 1992 - 2023
Lithuania (%) 1.63 Sep 2024 quarterly Mar 1996 - Sep 2024
Luxembourg (%) -0.55 Jun 2024 quarterly Mar 1996 - Jun 2024
Macau SAR, China (%) 1.89 Sep 2024 quarterly Mar 2002 - Sep 2024
North Macedonia (%) 1.97 Jun 2024 quarterly Mar 2005 - Jun 2024
Malawi (%) -2.12 2023 yearly 1992 - 2023
Malaysia (%) 2.41 Sep 2024 quarterly Mar 2001 - Sep 2024
Malta (%) -0.04 Sep 2024 quarterly Dec 2001 - Sep 2024
Mauritius (%) 33.41 Mar 2024 quarterly Mar 2005 - Mar 2024
Mexico (%) 1.03 Sep 2024 quarterly Jun 1996 - Sep 2024
Moldova (%) 6.48 Jun 2024 quarterly Mar 2001 - Jun 2024
Mongolia (%) 1.34 Sep 2024 quarterly Sep 2007 - Sep 2024
Montenegro (%) 1.43 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 4.95 2023 yearly 2000 - 2023
Mozambique (%) 1.44 2023 yearly 1992 - 2023
Myanmar (%) 63.00 2021 yearly 1992 - 2021
Nepal (%) -0.24 2023 yearly 1992 - 2023
Netherlands (%) 0.82 Sep 2024 quarterly Mar 1996 - Sep 2024
New Zealand (%) -0.18 Jun 2024 quarterly Jun 1988 - Jun 2024
Nigeria (%) 1.14 Sep 2018 quarterly Mar 2013 - Sep 2018
Norway (%) 2.96 Sep 2024 quarterly Mar 1996 - Sep 2024
Oman (%) -4.24 2023 yearly 1999 - 2023
Pakistan (%) -1.23 2019 yearly 2001 - 2019
Palestinian Territory (%) 1.78 Sep 2023 quarterly Dec 2009 - Sep 2023
Panama (%) 4.33 2023 yearly 1992 - 2023
Paraguay (%) 6.19 Jun 2024 quarterly Mar 2018 - Jun 2024
Peru (%) -0.87 2022 yearly 2002 - 2022
Philippines (%) 1.98 2023 yearly 1992 - 2023
Poland (%) 1.57 Sep 2024 quarterly Dec 1999 - Sep 2024
Portugal (%) 0.41 Jun 2024 quarterly Mar 1996 - Jun 2024
Qatar (%) -1.09 2023 yearly 2012 - 2023
Romania (%) -2.74 Jun 2024 quarterly Mar 1996 - Jun 2024
Russia (%) 3.11 Dec 2023 quarterly Mar 1996 - Dec 2023
Saudi Arabia (%) -3.93 2022 yearly 1971 - 2022
Serbia (%) 1.87 Sep 2024 quarterly Mar 2015 - Sep 2024
Singapore (%) 4.10 Sep 2024 quarterly Mar 1986 - Sep 2024
Slovakia (%) 1.62 Jun 2024 quarterly Mar 1996 - Jun 2024
Slovenia (%) 1.49 Sep 2024 quarterly Mar 1996 - Sep 2024
South Africa (%) -1.50 Jun 2024 quarterly Mar 2009 - Jun 2024
Spain (%) 1.45 Jun 2024 quarterly Mar 1996 - Jun 2024
Sri Lanka (%) 5.03 Jun 2024 quarterly Jun 2013 - Jun 2024
Sudan (%) 3.26 2010 yearly 1996 - 2010
Sweden (%) 1.98 Sep 2024 quarterly Mar 1994 - Sep 2024
Switzerland (%) 1.47 Sep 2024 quarterly Mar 2011 - Sep 2024

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.1 Sep 2024 quarterly Mar 2012 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,430.664 Oct 2024 monthly Apr 2011 - Oct 2024
Tax Revenue (USD mn) 3,481.846 Oct 2024 monthly Aug 1987 - Oct 2024
Tax Revenue: % of GDP (%) 16.0 Sep 2024 quarterly Dec 1987 - Sep 2024
National Government Debt (USD mn) 962,571.7 Sep 2024 quarterly Mar 1990 - Sep 2024
Government Debt: % of GDP (%) 173.0 Sep 2024 quarterly Mar 1990 - Sep 2024
Forecast: Government Expenditure (SGD bn) 146.244 2030 yearly 1991 - 2030
Forecast: Government Net Debt (SGD bn) 1,597.757 2030 yearly 1991 - 2030
Forecast: Government Revenue (SGD bn) 169.136 2030 yearly 1991 - 2030
Govt Finance: Cash Surplus / Deficit (SGD mn) -3,186.600 Oct 2024 monthly Apr 2011 - Oct 2024
Govt Revenue: Operating (SGD mn) 5,424.000 Oct 2024 monthly Jan 2003 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.333 2029 yearly 1980 - 2029
Trade Balance (USD mn) 3,367.2 Oct 2024 monthly Jan 1976 - Oct 2024
Total Exports (USD mn) 40,670.3 Oct 2024 monthly Jan 1976 - Oct 2024
Total Exports Growth (%) -6.4 Oct 2024 monthly Jan 1977 - Oct 2024
Aluminum: Exports (USD th) 482,034.010 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 8,750,013.495 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 9,962,678.423 2023 yearly 1995 - 2023
Total Imports (USD mn) 37,303.1 Oct 2024 monthly Jan 1964 - Oct 2024
Total Imports Growth (%) -3.5 Oct 2024 monthly Jan 1965 - Oct 2024
Imports: Medicament (USD th) 2,018,410.885 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,453,494.459 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 3,585.000 Oct 2024 monthly Jan 1976 - Oct 2024
Total Imports from USA (USD mn) 4,638.467 Oct 2024 monthly Jan 1976 - Oct 2024
Total Exports to China (USD mn) 6,072.584 Oct 2024 monthly Jan 1975 - Oct 2024
Total Imports from China (USD mn) 4,630.753 Oct 2024 monthly Jan 1975 - Oct 2024
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Exports: Indonesia (SGD mn) 3,987.368 Oct 2024 monthly Jan 2003 - Oct 2024
Export Value Index (2015=100) 130.084 2021 yearly 1980 - 2021
Import Value Index (2015=100) 136.736 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 12,847.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Current Account Balance (USD mn) 25,888.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Current Account Balance: % of GDP (%) 18.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Foreign Direct Investment (USD mn) 35,607.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Direct Investment: % of GDP (%) 25.7 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Portfolio Investment (USD mn) 8,296.954 Sep 2024 quarterly Mar 1995 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 6.0 Sep 2024 quarterly Mar 1995 - Sep 2024
External Debt (USD mn) 2,011,208.2 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: % of GDP (%) 391.1 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 1,298,666.8 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Short Term: % of GDP (%) 254.2 2023 yearly 2003 - 2023
Forecast: Current Account Balance (USD bn) 95.944 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 840,737.603 Jun 2024 quarterly Dec 2013 - Jun 2024
BoP: FA: Others: Liabilities (SGD mn) 3,216.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Official Reserves (OR): Net (SGD mn) 17,336.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Net Errors and Omissions (SGD mn) -1,077.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 46,960.300 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: FA: Direct Investment (SGD mn) -30,016.700 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Goods: Exports (SGD mn) 193,025.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Direct Investment: Assets (SGD mn) 16,943.600 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 4,719.900 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 65,156.800 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Primary Income Balance (SGD mn) -30,465.400 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Financial Derivatives (SGD mn) -6,050.000 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,942.300 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: CA: Goods: Imports (SGD mn) 140,498.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Goods: Balance (SGD mn) 52,526.800 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Secondary Income Balance (SGD mn) -1,862.500 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Financial Account (FA): Net (SGD mn) 15,729.500 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Services: Imports (SGD mn) 110,690.100 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 43,788.900 Sep 2024 quarterly Mar 1995 - Sep 2024
BoP: FA: Others: Assets (SGD mn) 22,166.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: Current Account (CA) Balance (SGD mn) 34,142.900 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) -1,330.100 Sep 2024 quarterly Mar 2006 - Sep 2024
BoP: FA: Others (SGD mn) 18,949.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,622.200 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Services: Balance (SGD mn) 13,944.000 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: CA: Services: Exports (SGD mn) 124,634.100 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: Portfolio Investment (SGD mn) 32,846.600 Sep 2024 quarterly Mar 1986 - Sep 2024
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 176,484.200 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,424,878.600 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross (SGD mn) 2,725,589.400 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 335,074.700 Jun 2024 quarterly Jun 2003 - Jun 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 302,795.900 Jun 2024 quarterly Jun 2003 - Jun 2024
Direct Investment Abroad: European Union (EU-27) (SGD mn) 196,949.200 2022 yearly 1994 - 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Industry: Manufacturing (SGD mn) 323,144.100 2022 yearly 1998 - 2022
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 175,782.000 2022 yearly 1998 - 2022
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,171.600 2022 yearly 1998 - 2022
FDI: By Country: United Kingdom (SGD mn) 138,604.600 2022 yearly 1998 - 2022
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 2022 yearly 1998 - 2022
FDI: By Country: Switzerland (SGD mn) 80,150.900 2022 yearly 1998 - 2022
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
FDI: By Country: United States (SGD mn) 574,017.500 2022 yearly 1998 - 2022
FDI: By Country: Japan (SGD mn) 177,665.900 2022 yearly 1998 - 2022
Business Entities (BE): Formation: Total (Number) 5,902.000 Nov 2024 monthly Jan 1970 - Nov 2024
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2023 yearly 2005 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 52.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 361,054.618 Oct 2024 monthly Mar 2004 - Oct 2024
Money Supply M2 (USD mn) 1,014,287.131 Oct 2024 monthly Mar 2004 - Oct 2024
M2 Growth (%) 5.4 Oct 2024 monthly Mar 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 369,677.0 Oct 2024 monthly Apr 2000 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 70.512 Sep 2024 quarterly Jun 2000 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 9.4 Oct 2024 monthly Apr 2000 - Oct 2024
Gold Reserves (USD mn) 6,412.300 Oct 2024 monthly Apr 2000 - Oct 2024
Total Deposits (USD mn) 1,410,874.376 Oct 2024 monthly Jan 1991 - Oct 2024
Total Deposits Growth (%) 7.6 Oct 2024 monthly Jan 1992 - Oct 2024
Domestic Credit (USD mn) 881,658.7 Oct 2024 monthly Mar 2004 - Oct 2024
Domestic Credit Growth (%) 4.5 Oct 2024 monthly Mar 2005 - Oct 2024
Credit to Households (USD bn) 236.805 Dec 2023 quarterly Mar 1991 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 897.411 Dec 2023 quarterly Dec 1963 - Dec 2023
Household Debt (USD mn) 290,266.3 Sep 2024 monthly Mar 2004 - Sep 2024
Total Loans (USD mn) 964,401.361 Oct 2024 monthly Mar 2004 - Oct 2024
Total Loans Growth (%) 1.47 Oct 2024 monthly Mar 2005 - Oct 2024
Private Debt: % of Nominal GDP (%) 127.40 Sep 2024 quarterly Mar 2004 - Sep 2024
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.4 Nov 2024 monthly Jan 2000 - Nov 2024
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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