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Productivity grew by 2.8% a year in last decade on capital investments

Annabeth Leow

Published Mon, Nov 23, 2020 · 09:50 PM

Singapore

LABOUR productivity grew by 2.8 per cent a year from 2009 to 2019, according to a report released on Monday.

The rise in real value-added per actual hour worked (AHW) was driven mainly by capital intensity improvements in non-residential construction and research and development (R&D), said economists from the Ministry of Trade and Industry (MTI).

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Singapore economy

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Singapore

Productivity grew by 2.8% a year in last decade on capital investments

Annabeth Leow

KEYWORDS IN THIS ARTICLE

Economy & Policy

NTUC aims to do more to support PMEs, who now account for nearly half its membership

Daily Debrief: What Happened Today (Apr 25)

Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low

8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey

Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF

Daily Debrief: What Happened Today (Apr 23)

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