2017 labour productivity jumps to seven-year high

Singapore

SINGAPORE'S overall labour productivity in 2017 surged to a seven-year peak - the highest recorded since it rebounded in 2010 following the Global Financial Crisis (GFC).

Labour productivity, as measured by real value-added (VA) per actual hour worked, grew by 4.5 per cent last year, improving significantly from the 1.8 per cent achieved in 2016.