Labor share of gdp in Singapore
Singapore: Labor share of gdp was 50.3 in 2020. ▲ Rising
Latest (2020)
50.3
Change on year
up 8.4%
World rank
71st
of 187 countries
All-time high
50.3
in 2016
All-time low
45.5
in 2018
Years of data
17
2004–2020
Labor share of gdp in Singapore, 2004–2020
Source: Our World in Data.
Analysis
In 2020, labor share of gdp in Singapore stood at 50.3. That is the highest value across all 17 years on record.
The figure is up 8.4% on the previous year and up 9.1% over ten years.
Over the whole period, labor share of gdp in Singapore peaked at 50.3 in 2016 and was at its lowest, 45.5, in 2018.
That places Singapore 71st out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Labor share of gdp in Singapore, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 46.8 | — |
| 2005 | 46.3 | -1.1% |
| 2006 | 46 | -0.6% |
| 2007 | 45.8 | -0.4% |
| 2008 | 48.5 | +5.9% |
| 2009 | 48.9 | +0.8% |
| 2010 | 46.1 | -5.7% |
| 2011 | 46.3 | +0.4% |
| 2012 | 47.6 | +2.8% |
| 2013 | 48.6 | +2.1% |
| 2014 | 50 | +2.9% |
| 2015 | 50.1 | +0.2% |
| 2016 | 50.3 | +0.4% |
| 2017 | 49 | -2.6% |
| 2018 | 45.5 | -7.1% |
| 2019 | 46.4 | +2.0% |
| 2020 | 50.3 | +8.4% |
Singapore compared with similar countries
- Singapore's 50.3 is below the median for high income countries, which is 54.5, 92% of the median. (62 countries reporting)
- Singapore's 50.3 is above the median for East Asia & Pacific, which is 46.5, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.05 | 45.8 | 48.9 | 6 |
| 2010s | 47.99 | 45.5 | 50.3 | 10 |
| 2020s | 50.3 | 50.3 | 50.3 | 1 |
Countries ranked near Singapore
More work & labour data for Singapore
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.967 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.9557 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.9779 % change on previous year (2100)
- Population - Est. & Proj. — Urban population, annual growth rate -0.1059 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 6,575 1000 No (2050)
- Population - Est. & Proj. — Rural population 0 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 2,077 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 2,086 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 4,163 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes, per unit 0 1000 No per US$ of GDP (2025)
Frequently asked questions
- What is labor share of gdp in Singapore?
- Labor share of gdp in Singapore was 50.3 in 2020, according to Our World in Data.
- What is the highest labor share of gdp recorded in Singapore?
- The highest recorded value was 50.3 in 2016.
- What is the lowest labor share of gdp recorded in Singapore?
- The lowest recorded value was 45.5 in 2018.
- How does Singapore rank for labor share of gdp?
- Singapore ranks 71st out of 187 countries with data for 2020.
- Is labor share of gdp rising or falling in Singapore?
- Over the last ten years it is up 9.1%. The long-run trend across the full record is rising.
- Where does this Singapore data come from?
- The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).