Singapore Unemployment Rate

2020 - 2023 | Monthly | % | CEIC Data

Key information about Singapore Unemployment Rate

  • Singapore Unemployment Rate increased to 1.90% in May 2023, from the previously reported figure of 1.80% in Apr 2023.
  • Singapore Unemployment Rate is updated monthly, available from Mar 2020 to May 2023, with an average rate of 2.50%.
  • The data reached an all-time high of 3.50% in Oct 2020 and a record low of 1.80% in Apr 2023.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Singapore Population reached 5.64 million people in Jun 2022.


View Singapore's Unemployment Rate from Mar 2020 to May 2023 in the chart:

Singapore Unemployment Rate

What was Singapore's Unemployment Rate in May 2023?

Singapore Unemployment Rate increased to 1.90% in May 2023, from the previously reported figure of 1.80% in Apr 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.90 May 2023 1.80 Apr 2023 1.80 Apr 2023 3.50 Oct 2020 % monthly Mar 2020 - May 2023

Unemployment Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 10.65 Dec 2023 quarterly Mar 2012 - Dec 2023
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 6.90 Mar 2023 quarterly Jun 1990 - Mar 2023
Armenia (%) 13.80 Jun 2024 quarterly Mar 2008 - Jun 2024
Australia (%) 4.07 Sep 2024 monthly Feb 1978 - Sep 2024
Austria (%) 5.63 Sep 2024 monthly Jan 1993 - Sep 2024
Azerbaijan (%) 5.64 Mar 2023 quarterly Mar 2008 - Mar 2023
Bahrain (%) 5.90 2020 yearly 1991 - 2020
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.10 Sep 2024 monthly Oct 2004 - Sep 2024
Belgium (%) 5.50 Sep 2024 monthly Jan 1983 - Sep 2024
Bolivia (%) 2.76 Jun 2024 quarterly Dec 2015 - Jun 2024
Bosnia and Herzegovina (%) 13.17 2023 yearly 2006 - 2023
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 6.40 Sep 2024 monthly Mar 2012 - Sep 2024
Brunei (%) 5.20 2023 yearly 1981 - 2023
Bulgaria (%) 4.30 Jun 2024 quarterly Mar 2000 - Jun 2024
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 6.50 Sep 2024 monthly Jan 1976 - Sep 2024
Chile (%) 8.74 Sep 2024 monthly Mar 2009 - Sep 2024
China (%) 5.10 Sep 2024 quarterly Mar 2017 - Sep 2024
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 5.40 Aug 2024 monthly Jan 2000 - Aug 2024
Czech Republic (%) 2.87 Sep 2024 monthly Jan 1993 - Sep 2024
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.97 Sep 2024 quarterly Dec 2013 - Sep 2024
Egypt (%) 6.50 Jun 2024 quarterly Mar 2003 - Jun 2024
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 5.90 Sep 2024 monthly Jan 2000 - Sep 2024
Finland (%) 6.90 Apr 2023 monthly Jan 1988 - Apr 2023
France (%) 7.20 Jun 2023 quarterly Mar 1975 - Jun 2023
Georgia (%) 16.40 2023 yearly 1991 - 2023
Germany (%) 3.50 Sep 2024 monthly Jan 1991 - Sep 2024
Ghana (%) 3.56 2023 yearly 1991 - 2023
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 3.00 Sep 2024 monthly Oct 1981 - Sep 2024
Hungary (%) 4.55 Sep 2024 monthly Jan 2000 - Sep 2024
Iceland (%) 3.44 Sep 2024 monthly Jan 2003 - Sep 2024
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 4.91 2024 yearly 1984 - 2024
Iran (%) 9.40 Mar 2022 quarterly Jun 2001 - Mar 2022
Ireland (%) 4.10 Jul 2023 monthly Jan 1998 - Jul 2023
Israel (%) 2.69 Sep 2024 monthly Jan 2012 - Sep 2024
Italy (%) 6.09 Sep 2024 monthly Jan 1983 - Sep 2024
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.40 Sep 2024 monthly Jan 1953 - Sep 2024
Jordan (%) 21.40 May 2024 quarterly Feb 2000 - May 2024
Kazakhstan (%) 4.70 Aug 2024 monthly Jan 2001 - Aug 2024
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.50 Sep 2024 monthly Jun 1999 - Sep 2024
Kosovo (%) 10.70 Dec 2023 quarterly Mar 2016 - Dec 2023
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 4.10 2023 yearly 1992 - 2023
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.90 Sep 2024 monthly Jan 1998 - Sep 2024
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 7.90 Sep 2024 monthly Jan 1998 - Sep 2024
Luxembourg (%) 5.78 Sep 2024 monthly Jan 1995 - Sep 2024
Macau SAR, China (%) 1.70 Sep 2024 monthly Sep 1996 - Sep 2024
North Macedonia (%) 12.50 Jun 2024 quarterly Mar 2023 - Jun 2024
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.20 Aug 2024 monthly Jan 2010 - Aug 2024
Malta (%) 2.96 Mar 2024 quarterly Mar 2018 - Mar 2024
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.74 Sep 2024 monthly Jan 2005 - Sep 2024
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 5.80 Jun 2024 quarterly Sep 2006 - Jun 2024
Montenegro (%) 11.40 Jun 2024 quarterly Mar 2008 - Jun 2024
Morocco (%) 13.10 Jun 2024 quarterly Mar 1999 - Jun 2024
Mozambique (%) 3.67 2023 yearly 1991 - 2023
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.10 Jul 2021 monthly Jan 2003 - Jul 2021
New Zealand (%) 4.60 Jun 2024 quarterly Mar 1986 - Jun 2024
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 4.00 Aug 2024 monthly Jan 1989 - Aug 2024
Oman (%) 4.70 Sep 2024 monthly Mar 2018 - Sep 2024
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 31.10 Jun 2024 quarterly Mar 2000 - Jun 2024
Panama (%) 7.40 2023 yearly 2003 - 2023
Paraguay (%) 6.43 Jun 2024 quarterly Mar 2017 - Jun 2024
Peru (%) 5.93 Sep 2024 monthly Mar 2001 - Sep 2024
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.00 Sep 2024 monthly Jan 1990 - Sep 2024
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.60 Apr 2023 monthly Jan 2004 - Apr 2023
Russia (%) 2.40 Jul 2024 monthly Jan 1994 - Jul 2024
Saudi Arabia (%) 3.32 Jun 2024 quarterly Mar 2012 - Jun 2024
Serbia (%) 9.40 Mar 2024 quarterly Mar 2014 - Mar 2024
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 4.99 Sep 2024 monthly Jan 2006 - Sep 2024
Slovenia (%) 3.40 Jun 2024 quarterly Jun 1997 - Jun 2024
South Africa (%) 33.50 Jun 2024 quarterly Mar 2008 - Jun 2024
Spain (%) 11.21 Sep 2024 quarterly Mar 2021 - Sep 2024
Sri Lanka (%) 4.70 Jun 2024 quarterly Mar 2004 - Jun 2024
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.22 Apr 2023 monthly Jan 1983 - Apr 2023
Switzerland (%) 4.26 Mar 2024 monthly Jan 1991 - Mar 2024

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.4 Jun 2024 quarterly Mar 2012 - Jun 2024
Consolidated Fiscal Balance (USD mn) 2,691.750 Sep 2024 monthly Apr 2011 - Sep 2024
Tax Revenue (USD mn) 5,961.951 Sep 2024 monthly Aug 1987 - Sep 2024
Tax Revenue: % of GDP (%) 16.7 Jun 2024 quarterly Dec 1987 - Jun 2024
National Government Debt (USD mn) 896,656.1 Jun 2024 quarterly Mar 1990 - Jun 2024
Government Debt: % of GDP (%) 174.1 Jun 2024 quarterly Mar 1990 - Jun 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) 3,487.700 Sep 2024 monthly Apr 2011 - Sep 2024
Govt Revenue: Operating (SGD mn) 8,684.200 Sep 2024 monthly Jan 2003 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.333 2029 yearly 1980 - 2029
Trade Balance (USD mn) 4,065.3 Sep 2024 monthly Jan 1976 - Sep 2024
Total Exports (USD mn) 42,232.0 Sep 2024 monthly Jan 1976 - Sep 2024
Total Exports Growth (%) 1.5 Sep 2024 monthly Jan 1977 - Sep 2024
Aluminum: Exports (USD th) 482,034.010 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 10,982,157.540 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 7,291,818.243 2022 yearly 1995 - 2022
Total Imports (USD mn) 38,166.8 Sep 2024 monthly Jan 1964 - Sep 2024
Total Imports Growth (%) 1.7 Sep 2024 monthly Jan 1965 - Sep 2024
Imports: Medicament (USD th) 2,207,048.295 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,625,676.303 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,559.778 Sep 2024 monthly Jan 1976 - Sep 2024
Total Imports from USA (USD mn) 4,988.350 Sep 2024 monthly Jan 1976 - Sep 2024
Total Exports to China (USD mn) 6,353.006 Sep 2024 monthly Jan 1975 - Sep 2024
Total Imports from China (USD mn) 4,412.089 Sep 2024 monthly Jan 1975 - Sep 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) 4,090.511 Sep 2024 monthly Jan 2003 - Sep 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) 13,258.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Current Account Balance (USD mn) 25,549.4 Jun 2024 quarterly Mar 1986 - Jun 2024
Current Account Balance: % of GDP (%) 19.2 Jun 2024 quarterly Mar 1986 - Jun 2024
Foreign Direct Investment (USD mn) 40,879.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Direct Investment: % of GDP (%) 30.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Portfolio Investment (USD mn) 5,607.134 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 4.2 Jun 2024 quarterly Mar 1995 - Jun 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: Financial Derivatives (SGD mn) 1,176.400 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: Net Errors and Omissions (SGD mn) -1,166.900 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Primary Income Balance (SGD mn) -28,924.000 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: Financial Account (FA): Net (SGD mn) 27,119.300 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Others: Liabilities (SGD mn) -12,645.100 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Goods: Exports (SGD mn) 192,260.000 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 7,587.200 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 45,871.400 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: FA: Others (SGD mn) 25,033.800 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Services: Imports (SGD mn) 106,708.400 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Goods: Balance (SGD mn) 51,818.900 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: Current Account (CA) Balance (SGD mn) 34,571.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Secondary Income Balance (SGD mn) -1,971.900 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Services: Balance (SGD mn) 13,648.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Others: Assets (SGD mn) 12,388.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 65,089.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Portfolio Investment (SGD mn) 38,284.200 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 94,013.700 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Goods: Imports (SGD mn) 140,441.100 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: CA: Services: Exports (SGD mn) 120,357.100 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) 1,422.400 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 55,315.100 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: FA: Direct Investment (SGD mn) -37,375.100 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: Direct Investment: Assets (SGD mn) 17,940.000 Jun 2024 quarterly Mar 1995 - Jun 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 246.000 Jun 2024 quarterly Mar 2006 - Jun 2024
BoP: Official Reserves (OR): Net (SGD mn) 6,285.500 Jun 2024 quarterly Mar 1986 - Jun 2024
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 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: Long Term (SGD mn) 302,795.900 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
Foreign Direct Investment (FDI): Total (SGD mn) 2,618,994.200 2022 yearly 1998 - 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,476,535.300 2022 yearly 1998 - 2022
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,171.600 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 Country: United Kingdom (SGD mn) 138,604.600 2022 yearly 1998 - 2022
FDI: By Country: United States (SGD mn) 574,017.500 2022 yearly 1998 - 2022
FDI: By Country: Netherlands (SGD mn) 70,409.500 2022 yearly 1998 - 2022
FDI: By Country: Switzerland (SGD mn) 80,150.900 2022 yearly 1998 - 2022
FDI: By Country: Japan (SGD mn) 177,665.900 2022 yearly 1998 - 2022
Business Entities (BE): Formation: Total (Number) 5,896.000 Sep 2024 monthly Jan 1970 - Sep 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 (%) 52.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 370,780.607 Sep 2024 monthly Mar 2004 - Sep 2024
Money Supply M2 (USD mn) 1,033,462.978 Sep 2024 monthly Mar 2004 - Sep 2024
M2 Growth (%) 4.6 Sep 2024 monthly Mar 2005 - Sep 2024
Foreign Exchange Reserves (USD mn) 375,639.5 Sep 2024 monthly Apr 2000 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 69.048 Jun 2024 quarterly Jun 2000 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 9.9 Sep 2024 monthly Apr 2000 - Sep 2024
Gold Reserves (USD mn) 6,380.500 Sep 2024 monthly Apr 2000 - Sep 2024
Total Deposits (USD mn) 1,437,262.489 Sep 2024 monthly Jan 1991 - Sep 2024
Total Deposits Growth (%) 10.0 Sep 2024 monthly Jan 1992 - Sep 2024
Domestic Credit (USD mn) 903,795.2 Sep 2024 monthly Mar 2004 - Sep 2024
Domestic Credit Growth (%) 3.7 Sep 2024 monthly Mar 2005 - Sep 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) 989,651.391 Sep 2024 monthly Mar 2004 - Sep 2024
Total Loans Growth (%) 0.81 Sep 2024 monthly Mar 2005 - Sep 2024
Private Debt: % of Nominal GDP (%) 128.51 Jun 2024 quarterly Mar 2004 - Jun 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: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - 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) 1.2 Oct 2024 monthly Jan 2000 - Oct 2024
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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