Singapore Real Wages Grow 4% in 2025
MT Newswires05-29 13:10
Singapore reported growth in employee wages in 2025, with real wages growing 4% year-on-year after adjusting for inflation, according to figures released by the Ministry of Manpower on Thursday.
Nominal wage growth moderated to 4.9% in 2025, compared to a 5.6% growth in 2024, reflecting a stabilizing labor market.
About 72.4% of private establishments granted wage increases in 2025, down from 78.3% in the prior period.
Meanwhile, around 83.1% of businesses reported profitability in 2025 compared to 80.8% in 2024.
Financial services, insurance, and administrative support led wage increments, while the construction and accommodation sectors stabilized as post-pandemic hiring surges cooled.
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