Percentage and Profile of Residents Employed in Foreign-owned Firms Earning Gross Monthly Income Above $12,500

Assoc Prof Jamus Jerome Lim asked the Minister for Manpower (a) for each year from 2019 to 2024, what is the percentage of residents earning a gross monthly income of above $12,500 that worked in foreign-owned firms; and (b) what is the sectoral breakdown of these residents.

From 2019 to 2024, foreign-owned firms hired around 60% of Singapore residents who earned a gross monthly income of above $12,500.

Around 88% of these residents work in the Services sector. Financial and Insurance Services make up around 30 percentage points, Wholesale and Retail Trade make up around 18 percentage points, and Professional Services make up around 17 percentage points. These proportions have remained stable since 2019.