The Global Gender Gap index score for wage equality for similar work in Singapore in 2023 was 0.78, with a score of 1 being absolute parity and a score of 0 being absolute imparity. Singapore has the third-smallest gender gap in South-east Asia, behind the Philippines and Laos. Nonetheless, gender equality in Singapore is still higher than other Asian countries such as Thailand and Japan.

In 2020, 16.01 percent of resident employed households had a monthly income of 20 thousand Singapore dollars and over. In comparison, only 2.27 percent of households had a monthly income of less than one thousand Singapore dollars.

Comparing the 130 selected regions regarding the gini index , South Africa is leading the ranking (0.63 points) and is followed by Namibia with 0.58 points. At the other end of the spectrum is Slovakia with 0.23 points, indicating a difference of 0.4 points to South Africa. The Gini coefficient here measures the degree of income inequality on a scale from 0 (=total equality of incomes) to one (=total inequality).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

Income inequality is an essential cause of violence, stagnant development, and political instability. This study will examine the positive and negative shocks in tourism development, and the distribution of the interaction between tourism development, economic growth, human capital, globalization, and income inequality will be discussed in Singapore, a developed and top-visited country. By adopting autoregressive distributed lag and non-linear autoregressive distributed lag approaches for panel data from 1978 to 2022, the results indicate an asymmetric cointegration among variables, and positive and negative changes in tourism development lead to decreased income inequality. More specifically, the asymmetric effect of tourism is found both in the short- and long-term, and positive shock has a greater impact than negative shock. At the same time, the findings also reveal that economic growth and globalization enhance, while human capital negatively affects income inequality in Singapore. These findings strengthen the belief of Singapore policy-makers and recommend several significant lessons for developing countries to promote tourism, sustainable development, and reduce income inequality.

In 2023, the Gini coefficient after taxes amounted to 0.35 in Singapore. During the time surveyed, the Gini coefficient was highest in 2014, with an index score of 0.39. Since then, it has decreased in 2016, 2016 and 2020.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_f2e7430cf4ffa69d396eb238755d0c3d/view

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_bc3c508226998e3aa6f0205349608b61/view

Singapore Distribution of Monthly Household Expenditure: Recreation & Culture data was reported at 6.900 % in 2013. This records a decrease from the previous number of 8.600 % for 2008. Singapore Distribution of Monthly Household Expenditure: Recreation & Culture data is updated yearly, averaging 8.600 % from Dec 2003 (Median) to 2013, with 3 observations. The data reached an all-time high of 11.800 % in 2003 and a record low of 6.900 % in 2013. Singapore Distribution of Monthly Household Expenditure: Recreation & Culture data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H050: Distribution of Monthly Household Expenditure: By Type of Goods and Services.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Singapore from 2013 to 2023. In 2023, agriculture contributed around 0.03 percent to the GDP of Singapore, 22.4 percent came from the industry and 72.45 percent from the services sector.

The Global Gender Gap index score for economic participation and opportunity in Singapore in 2023 was 0.77, with a score of 1 being absolute parity and a score of 0 being absolute imparity. Singapore has the third-smallest gender gap in South-east Asia, behind the Philippines and Laos. Nonetheless, gender equality in Singapore is still higher than other Asian countries such as Thailand and Japan.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_6d802286fbdc8afdb269671b0bcfb1e7/view

[Keywords] Market include AXA, HSBC Insurance Pte. Ltd, NTUC Income Insurance Co-operative Ltd, Prudential Assurance Co. Singapore (Pte) Ltd., Aviva LTD

Singapore Distribution of Monthly Household Expenditure: Housing & Related Exp data was reported at 30.100 % in 2013. This records an increase from the previous number of 26.400 % for 2008. Singapore Distribution of Monthly Household Expenditure: Housing & Related Exp data is updated yearly, averaging 26.400 % from Dec 2003 (Median) to 2013, with 3 observations. The data reached an all-time high of 30.100 % in 2013 and a record low of 24.200 % in 2003. Singapore Distribution of Monthly Household Expenditure: Housing & Related Exp data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H050: Distribution of Monthly Household Expenditure: By Type of Goods and Services.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_3e6dcab03a0353fed60af1925d8b0b86/view

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_9dd691e89417eb7f0b292f4aa58e4220/view

In 2019, 53 percent of respondents shared that the treatment of the less well off is quite acceptable in Singapore. 38 percent found that the treatment of the poor in the country is quite and very unacceptable. Other social behaviors brought up in the survey include driving habits, respect for one's environment and interaction of Singaporeans with domestic workers.

The millionaire population in Singapore stood at around 526.4 thousand in 2021 and is projected to increase to about 592 thousand in 2026. This estimated growth in the millionaire population reflects the trend of increasing household wealth in Singapore, which grew by more than 146 percent since 2000.

Millionaire’s playground
In 2022, the Economist Intelligence Unit ranked Singapore as the world’s most expensive city alongside Hong Kong and Paris. The high cost of living in Singapore is in large part due to the extremely high cost of owning a car, as well as high property and food prices. With the tenth highest average wealth per adult in the world, and relatively low financial inequality, it seems that the residents of Singapore are able to afford life in the city with the third most expensive beer prices in the world.

Declining wealth in old age
The reality, however, is far less glamorous. While the median wealth per adult increased in 2019 from 2018, it was still the second-lowest value in the past five years. Many Singaporeans are feeling the pinch, especially the most vulnerable members of society, such as the elderly, who make up the majority of the workforce in jobs such as cleaning. Worryingly, many Singaporeans are also not financially prepared for retirement. This could lead to increasing inequality in the future, with many people unable to afford the lifestyle that they are accustomed to.

A survey conducted in July 2022 in Singapore found that around 23.43 percent of respondents considered poverty and economic inequality to be the greatest challenges they had to face. Among other leading challenges facing the country were employment and the COVID-19 situation.

Singapore Distribution of Monthly Household Expenditure: Communication data was reported at 3.800 % in 2013. This records a decrease from the previous number of 4.700 % for 2008. Singapore Distribution of Monthly Household Expenditure: Communication data is updated yearly, averaging 4.500 % from Dec 2003 (Median) to 2013, with 3 observations. The data reached an all-time high of 4.700 % in 2008 and a record low of 3.800 % in 2013. Singapore Distribution of Monthly Household Expenditure: Communication data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.H050: Distribution of Monthly Household Expenditure: By Type of Goods and Services.

In 2023, the mean monthly earnings for a female employee was around 5,700 Singapore dollars, while that for a male employee was about 7,200 Singapore dollars. Although the earnings for both males and females had increased, the gap between the mean monthly employees have not been decreased in the past ten years.