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

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Annabeth Leow

Annabeth Leow

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

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    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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