Singapore Average Salaries & Expenditures

 
Contents
Average Employment Income   Average Salary per Job   Average Salary per Sector   Total Personal Average Income   Consumption Expenditure
Workforce Composition   Vacation Time   Exchange Rates   Cost of Living   References
 

Average Employment Income

:
annual, per worker, incl. dependent & self employment
   Disposable (1)  Gross (2)   
2003
19,176
27,684
  
23,972
34,608
  
constant 2005 US$ at PPP
current dollars
(1)    Based on gross employment average income and non-consumption expenditure per worker.
(2)    Based on salary & business average income per capita and proportion of earners to household size.
Source: Singapore Household Expenditure Survey [20] [9], 2003 (1.6 earners and 3.37 persons per household).
 

Average Salary in Singapore - Job and Sector Comparison.

Job  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
General Physician average salary PPP $ 3,843 $ 3,523 Employees, private sector, 2004. 7,607 dollars 24%
Engineer average salary PPP $ 1,889 $ 1,731 Chemical engineer, employees, private sector, 2004. 3,642 dollars 22%
Accountant average salary PPP $ 1,835 $ 1,682 Employees, private sector, 2004. 3,538 dollars 22%
Computer Programmer average salary PPP $ 1,516 $ 1,389 Insurance industry, employees, private sector, 2004. 2,886 dollars 21%
Physiotherapist average salary PPP $ 1,459 $ 1,337 Employees, private sector, 2004. 2,778 dollars 21%
Professional Nurse average salary PPP $ 1,350 $ 1,237 Employees, private sector, 2004. 2,570 dollars 21%
Auxiliary Nurse average salary PPP $ 987 $ 904 Employees, private sector, 2004. 1,855 dollars 20%
Flight Attendant average salary PPP $ 904 $ 828 Employees, private sector, 2004. 1,699 dollars 20%
Office Clerk average salary PPP $ 839 $ 769 Employees, private sector, 2004. 1,577 dollars 20%
Furniture Finisher average salary PPP $ 774 $ 710 Employees, private sector, 2004. 1,456 dollars 20%
Car Mechanic average salary PPP $ 716 $ 656 Employees, private sector, 2004. 1,346 dollars 20%
Garment Cutter average salary PPP $ 680 $ 623 Employees, private sector, 2004. 1,279 dollars 20%
Bus Driver average salary PPP $ 659 $ 604 Employees, private sector, 2004. 1,239 dollars 20%
Carpenter average salary PPP $ 619 $ 567 Employees, private sector, 2004. 1,164 dollars 20%
Hotel Receptionist average salary PPP $ 615 $ 564 Employees, private sector, 2004. 1,156 dollars 20%
Salesperson average salary PPP $ 576 $ 528 Employees, private sector, 2004. 1,083 dollars 20%
Sector              
Financial average income PPP $ 2,952 $ 2,754 Employees, 2005. 5,949 dollars 23% 42.8
Transport-Communication average income PPP $ 1,814 $ 1,693 Employees, 2005. 3,610 dollars 22% 45.5
Manufacturing average income PPP $ 1,757 $ 1,639 Employees, 2005. 3,495 dollars 22% 50.2
Real Estate average income PPP $ 1,747 $ 1,631 Employees, 2005. 3,477 dollars 22% 45.3
All Sectors average income PPP $ 1,731 $ 1,615 Employees, 2005. 3,444 dollars 22% 46.5
Construction average income PPP $ 1,279 $ 1,194 Employees, 2005. 2,513 dollars 21% 51.9
Hotels-Restaurants average income PPP $ 687 $ 641 Employees, 2005. 1,333 dollars 20% 38.6
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data supplied by the Singapore Ministry of Manpower to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The number of hours is based on data supplied by the Ministry of Manpower to the International Labour Organization. The hours by sector correspond to the hours paid for, which may not be representative of the hours actually worked.
  (4) The compulsory deductions are obtained from the 2005 central provident fund (CPF) contributions and income tax rates in Singapore [t]. The deductions are representative of single-earner-married-without-child status, and exclude the supplementary retirement scheme (voluntary).
 
 

Personal Average Income

:
annual, per capita, incl. non-monetary income
   Disposable (1)  Gross   Salary   Business   Property   Transfer (2)    
2003
9,603
13,864
  
12,004
17,330
  
9,904
14,298
  
1,477
2,132
  
348
503
  
276
399
  
constant 2005 US$ at PPP
current dollars
(1)    Compulsory deductions on gross income are approximate.
(2)    Incl. social security, pension, public assistance.
Source: Singapore Household Expenditure Survey [20], 2003 (3.37 persons per household).
 

Consumption Expenditure

:
annual, per capita, incl. non-monetary expenditure
   Total   Health   Housing (1)  Food   Apparel   Education   Transport (2)    
2003
8,001
11,551
  
459
662
  
947
1,367
  
1,934
2,792
  
326
470
  
711
1,026
  
1,941
2,802
  
constant 2005 US$ at PPP
current dollars
1998
7,103
10,260
  
264
381
  
799
1,154
  
1,911
2,761
  
328
474
  
548
792
  
1,831
2,645
  
(1)    Excl. owner-imputed rent. Incl. actual rentals, property maintenance, fuel and power, appliances, household equipment, utensils, furnishings, supplies.
(2)    Incl. communication.
Source: Singapore Household Expenditure Survey [20], 1998 (3.62 persons per household), 2003 (3.37 persons per household).
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005   21.4     4.9   78.4   5.1  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
2.27 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
4.49 million (2006).
Source:   CIA World Factbook [b].
 

Vacation Time

 :  
7 days per year legally required minimum [e].
 

Inflation

 :  
105.6 (2001), 105.2 (2002), 105.7 (2003), 107.6 (2004), 109.4 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
1.728 (1998), 1.619 (1999), 1.650 (2000), 1.577 (2001), 1.551 (2002), 1.531 (2003), 1.549 (2004), 1.552 (2005);
Source:   IMF PPP exchange rates [d], Singapore dollars per U.S. dollar.
 

Nominal Exchange Rate

 :  
1.791 (2001), 1.789 (2002), 1.742 (2003), 1.690 (2004), 1.663 (2005);
Source:   Interbank nominal exchange rates [a], Singapore dollars per U.S. dollar.
 

Cost of Living

 :  
0.881 (2001), 0.867 (2002), 0.879 (2003), 0.917 (2004), 0.933 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References
 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[20]   Statistics Singapore.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Vacation - Wikipedia, from Wikipedia, the free encyclopedia.
[f]   World Tourism Organization, a United Nations agency; survey of vacation days worldwide, 2000.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
[t]   Singapore Central Provident Fund Board and Individual Income Tax Rates in Singapore, Government of Singapore.
 
Other links:
Singapore Economy Overview, CIA World Factbook.
Social Security in Singapore, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Supplementary Retirement Scheme, Singapore Ministry of Finance.