Singapore productivity

SINGAPORE BUDGET 2026

Tailored programmes, tax deductions to support AI use in businesses

A rate of 2-3% is “marvellous” for larger economies, but may be too low for a small economy such as Singapore's, says Deputy Prime Minister Gan Kim Yong.

Singapore should aim to grow faster than eventual 2-3% long-term rate: Gan Kim Yong

Between 2010 and 2024, Singapore sustained productivity growth averaging 2.3% a year.

Productivity gains key to unlocking wealth creation

PM Wong says the government will provide short-term support to businesses “without blunting the incentive for them to restructure”.
SINGAPORE BUDGET 2025

Costs and competition are unavoidable, but the government will help businesses transform: PM Wong

From 2005 to 2015, labour productivity had a compound annual growth rate of just 0.5 per cent, said past reports.

Singapore’s labour productivity up 2.4% a year since Industry Transformation Maps roll-out: MOF

Senior Minister Lee Hsien Loong says he is "quietly confident" that Singapore will overcome the difficulties of a shifting global dynamic.

Singapore will be doing ‘quite well’ if it can sustain annual growth of 2% to 3%: SM Lee

Singapore has very high urban land rents, which have hurt its relative productivity.
THINKING ALOUD

Singapore’s gravity-defying property prices hurt productivity, innovation and diversity

Singapore restructuring: defining success more broadly?

Singapore restructuring: defining success more broadly?

New rules to boost construction skills

New rules to boost construction skills

Employers should proactively train workers, while workers should take charge of their own development, says SNEF president Robert Yap.

Singapore firms must transform for productivity amid economic uncertainty: SNEF