Singapore Personal Disposable Income: sa data was reported at 90,869.100 SGD mn in Dec 2024. This records an increase from the previous number of 87,914.700 SGD mn for Sep 2024. Singapore Personal Disposable Income: sa data is updated quarterly, averaging 22,072.350 SGD mn from Mar 1980 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 90,869.100 SGD mn in Dec 2024 and a record low of 3,553.500 SGD mn in Mar 1980. Singapore Personal Disposable Income: sa data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_50877a8a962ec3f60cb61c3a69f6b22f/view

Key information about Singapore Household Income per Capita

• Singapore Annual Household Income per Capita reached 38,976.554 USD in Dec 2022, compared with the previous value of 37,210.041 USD in Dec 2021.
• Singapore Annual Household Income per Capita data is updated yearly, available from Dec 2000 to Dec 2022, with an averaged value of 27,919.001 USD.
• The data reached an all-time high of 38,976.554 USD in Dec 2022 and a record low of 12,070.323 USD in Dec 2000.
• In the latest reports, Retail Sales of Singapore dropped 6.152 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from Monthly Average Household Income per Household Member multiplied by 12 and converts it into USD. The Singapore Department of Statistics provides Average Household Income per Household Member in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

In 2024, the average monthly household income per household member was 4,898 Singapore dollars. This was an increase from the previous year and the highest in a ten-year period.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_e225376e5abcd6b48a5fa26fbee54ecd/view

Singapore Personal Saving Rate: sa data was reported at 35.300 % in Dec 2024. This records an increase from the previous number of 33.500 % for Sep 2024. Singapore Personal Saving Rate: sa data is updated quarterly, averaging 21.400 % from Mar 1980 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 55.700 % in Jun 2020 and a record low of 6.700 % in Sep 1988. Singapore Personal Saving Rate: sa data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted.

Singapore Personal Saving: sa data was reported at 32,462.400 SGD mn in Dec 2024. This records an increase from the previous number of 29,647.800 SGD mn for Sep 2024. Singapore Personal Saving: sa data is updated quarterly, averaging 4,014.500 SGD mn from Mar 1980 (Median) to Dec 2024, with 180 observations. The data reached an all-time high of 37,660.300 SGD mn in Jun 2020 and a record low of 269.100 SGD mn in Jun 1980. Singapore Personal Saving: sa data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted.

Personal Saving Rate：SA在12-01-2024达35.300%，相较于09-01-2024的33.500%有所增长。Personal Saving Rate：SA数据按季更新，03-01-1980至12-01-2024期间平均值为21.400%，共180份观测结果。该数据的历史最高值出现于06-01-2020，达55.700%，而历史最低值则出现于09-01-1988，为6.700%。CEIC提供的Personal Saving Rate：SA数据处于定期更新的状态，数据来源于Singapore Department of Statistics，数据归类于全球数据库的新加坡 – Table SG.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted。

个人储蓄：SA在12-01-2024达32,462.400百万新加坡元，相较于09-01-2024的29,647.800百万新加坡元有所增长。个人储蓄：SA数据按季更新，03-01-1980至12-01-2024期间平均值为4,014.500百万新加坡元，共180份观测结果。该数据的历史最高值出现于06-01-2020，达37,660.300百万新加坡元，而历史最低值则出现于06-01-1980，为269.100百万新加坡元。CEIC提供的个人储蓄：SA数据处于定期更新的状态，数据来源于Singapore Department of Statistics，数据归类于全球数据库的新加坡 – Table SG.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted。

In 2023, the gross national saving of Singapore amounted to approximately ****** billion Singapore dollars. Gross national saving is derived by deducting final consumption expenditure from gross national disposable income, and consists of personal savings, plus business savings, plus government savings, but excludes foreign savings.

个人可支配收入：SA在12-01-2024达90,869.100百万新加坡元，相较于09-01-2024的87,914.700百万新加坡元有所增长。个人可支配收入：SA数据按季更新，03-01-1980至12-01-2024期间平均值为22,072.350百万新加坡元，共180份观测结果。该数据的历史最高值出现于12-01-2024，达90,869.100百万新加坡元，而历史最低值则出现于03-01-1980，为3,553.500百万新加坡元。CEIC提供的个人可支配收入：SA数据处于定期更新的状态，数据来源于Singapore Department of Statistics，数据归类于全球数据库的新加坡 – Table SG.A089: Personal Disposable Income and Personal Saving: Current Prices: Seasonally Adjusted。

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

In 2023, Singaporean residents made about **** million outbound departures by air. By comparison, there were around **** million outbound departures by sea in that same year. With the proliferation of budget airlines and increasing disposable incomes, more Singaporeans were flying out of the country in the last eighteen years. This continuous increase in travelers, however, was halted when the COVID-19 pandemic struck in 2020, in which travel restrictions were put in place and resulting in the significantly low amount of departures made. Taking off to the skies on a budget In the early 2000s, budget airlines such as AirAsia and Tiger Airways started introducing low-cost short-haul flights. This consequently enabled more people to fly and made regional destinations more accessible. In the financial year 2019-2020, Singapore Airlines’ budget carrier Scoot carried more than ten million passengers, compared to under *** million in 2014. Regional holiday destinations popular with Singaporeans include Bali, Phuket, Bangkok, Tokyo and Hong Kong. More budget for travel In 2017, Singaporeans made an average of 3.51 trips per person. By 2021, Singaporeans would make close to 700 percent more trips than there were households. The increased mobility is reflective of an increase in disposable income, with more Singaporeans having the means to afford making more overseas trips. In 2022, the average monthly household income had increased by more than a thousand dollars compared to 2012. With higher incomes and more affordable flights, it seems more Singaporeans are escaping the busy city state for a quick trip nearby.