Cumulative Growth of Unit Labour and Business Costs and Unit Net Operating Surplus from 2016 to 2024

Member of Parliament Patrick Tay asked for the cumulative growth from 2016 to 2024 of unit labour cost, unit business cost, and unit net operating surplus for Singapore’s overall economy on a seasonally adjusted basis.
Minister Gan Kim Yong provided data on growth in unit labour cost for the overall economy and unit business cost for the manufacturing and services sectors from 2016 to 2023 and the first two quarters of 2024.
The minister stated that data on unit net operating surplus is not available.
The response included a reference to Figure 1 for the detailed breakdown of unit labour and business cost growth.
The reply clarified the timeframe covered up to the first half of 2024 for the available cost metrics.

Member of Parliament Patrick Tay asked for the cumulative growth from 2016 to 2024 of unit labour cost, unit business cost, and unit net operating surplus for Singapore’s overall economy on a seasonally adjusted basis.
Minister Gan Kim Yong provided data on growth in unit labour cost for the overall economy and unit business cost for the manufacturing and services sectors from 2016 to 2023 and the first two quarters of 2024.
The minister stated that data on unit net operating surplus is not available.
The response included a reference to Figure 1 for the detailed breakdown of unit labour and business cost growth.
The reply clarified the timeframe covered up to the first half of 2024 for the available cost metrics.

Member of Parliament Patrick Tay asked for the cumulative growth from 2016 to 2024 of unit labour cost, unit business cost, and unit net operating surplus for Singapore’s overall economy on a seasonally adjusted basis.
Minister Gan Kim Yong provided data on growth in unit labour cost for the overall economy and unit business cost for the manufacturing and services sectors from 2016 to 2023 and the first two quarters of 2024.
The minister stated that data on unit net operating surplus is not available.
The response included a reference to Figure 1 for the detailed breakdown of unit labour and business cost growth.
The reply clarified the timeframe covered up to the first half of 2024 for the available cost metrics.

Member of Parliament Patrick Tay asked for the cumulative growth from 2016 to 2024 of unit labour cost, unit business cost, and unit net operating surplus for Singapore’s overall economy on a seasonally adjusted basis.
Minister Gan Kim Yong provided data on growth in unit labour cost for the overall economy and unit business cost for the manufacturing and services sectors from 2016 to 2023 and the first two quarters of 2024.
The minister stated that data on unit net operating surplus is not available.
The response included a reference to Figure 1 for the detailed breakdown of unit labour and business cost growth.
The reply clarified the timeframe covered up to the first half of 2024 for the available cost metrics.

Summary