Singapore: Percent income earned by the top 10 percent of earners: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Singapore from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

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

According to forecast data from Tellusant, **** percent of the Singaporean population in 2024 would earn at least the equivalent of the top 40 percent of global earners in 2022 constant purchasing power parity. Out of those **** percent, **** percent would earn the equivalent of the top 10 percent of global earners in 2022 constant purchasing power parity.

A 2024 survey on passive income sources in Singapore found ** percent of investors earned passive income from dividends, including stocks, exchange-traded funds (ETFs), and real estate investment trusts (REITs). Meanwhile, ** percent received income from interest on bonds, fixed deposits, and T-bills. Additionally, ** percent generated passive income from rental income.

The Gross Domestic Product per capita in Singapore was last recorded at 67706.83 US dollars in 2024. The GDP per Capita in Singapore is equivalent to 536 percent of the world's average. This dataset provides - Singapore GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Within the ASEAN region, Singapore's disposable income per capita was projected to amount approximately **** thousand U.S. dollars. Despite, Vietnam was predicted to have the highest CAGR in terms of middle income population with **** percent from 2016 to 2021.

This dataset provides values for PERSONAL INCOME TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Personal Income Tax Rate in Singapore stands at 22 percent. This dataset provides - Singapore Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, annual wages in Singapore increased by *** percent overall. The manufacturing industry saw an increase of **** percent compared to the previous year. In comparison, the construction industry saw a wage change of *** percent.

In 2024, 100 percent of Brunei's population were middle class or above. Singapore followed, with around **** percent of its population being considered middle class or above. In contrast, **** percent of Myanmar's population earned the equivalent of the top 40 percent of global earners that year.

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, the private consumption expenditure on food and non-alcoholic beverages in Singapore amounted to around ** billion Singapore dollars. The private consumption expenditure on food and non-alcoholic beverages increased significantly in Singapore since 2020, as food prices increased due to inflation. Increase in food prices in Singapore due to inflation In 2022, the private consumption expenditure in Singapore amounted to ***** billion Singapore dollars. This was the highest amount in the last decade, resulting from a recovery from the COVID-19 pandemic but also the increase in prices of goods due to inflation. Food prices, especially, has increased significantly. For example, the average retail price of cooking oil in 2022 was approximately **** Singapore dollars per two-kilogram bottle, the highest price for this basic commodity in the last decade. The average retail price chicken, Singapore’s most consumed meat protein, increased to **** Singapore dollars per kilogram, from **** Singapore dollars per kilogram a year earlier. Real wages have not kept up with inflation While prices of everyday goods and services have increased significantly, growth in real income have not kept up. In 2022, the real change in median monthly household income in Singapore grew by just *** percent. This has led to many Singaporean households planning to cut down on leisure spending, especially on out-of-home food spending.

In 2021, there were around ** thousand millionaires living in Malaysia. This figure is projected to increase to more than *** thousand in five years’ time. Should the Malaysian economy continue its less than robust growth, however, this figure might have to be revised.

A positive outlook for the wealthy in Malaysia
2020 was not a good year for both the high-net worth individuals and ultra-high net worth individuals (UNHWI) in Malaysia. Compared to 2019, most were optimistic that the global economy in that year was more conducive to preserving and growing their clients' wealth as a majority of private bankers and wealth advisers in Malaysia reported increases in client wealth in that year. However, the HNWIs and UNHWIs live a life far removed from the average Malaysian. In 2019, only *** percent of adults in Malaysia have wealth exceeding 100 thousand U.S. dollars. By comparison, this figure was **** percent in neighboring Singapore.

Excesses of the ultra-rich
In the past year, the Malaysian public has been exposed to the excesses of the rich and powerful through the **** scandal. This saw the then Prime Minister Najib Razak being accused of embezzling from state funds. The media widely publicized the seizure of luxury handbags belonging to Najib’s wife, each of which costs was more than the average Malaysian’s monthly salary. The public’s distaste for Najib’s extravagant lifestyle was so apparent that when his election rival, Mahathir Mohd, was photographed wearing four-dollar sandals, his picture went viral on social media.