Singapore Unemployment Rate

2020 - 2023 | Monthly | % | CEIC Data

Key information about Singapore Unemployment Rate

  • Singapore Unemployment Rate increased to 1.90% in May 2023, from the previously reported figure of 1.80% in Apr 2023.
  • Singapore Unemployment Rate is updated monthly, available from Mar 2020 to May 2023, with an average rate of 2.50%.
  • The data reached an all-time high of 3.50% in Oct 2020 and a record low of 1.80% in Apr 2023.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Singapore Population reached 5.64 million people in Jun 2022.


View Singapore's Unemployment Rate from Mar 2020 to May 2023 in the chart:

Singapore Unemployment Rate

What was Singapore's Unemployment Rate in May 2023?

Singapore Unemployment Rate increased to 1.90% in May 2023, from the previously reported figure of 1.80% in Apr 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1.90 May 2023 1.80 Apr 2023 1.80 Apr 2023 3.50 Oct 2020 % monthly Mar 2020 - May 2023

Unemployment Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 8.76 Dec 2024 quarterly Mar 2012 - Dec 2024
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 6.90 Mar 2023 quarterly Jun 1990 - Mar 2023
Armenia (%) 13.30 Sep 2024 quarterly Mar 2008 - Sep 2024
Australia (%) 4.11 Jan 2025 monthly Feb 1978 - Jan 2025
Austria (%) 5.50 Jan 2025 monthly Jan 1993 - Jan 2025
Azerbaijan (%) 5.64 Mar 2023 quarterly Mar 2008 - Mar 2023
Bahrain (%) 5.90 2020 yearly 1991 - 2020
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.10 Jan 2025 monthly Oct 2004 - Jan 2025
Belgium (%) 5.80 Jan 2025 monthly Jan 1983 - Jan 2025
Bolivia (%) 2.70 Sep 2024 quarterly Dec 2015 - Sep 2024
Bosnia and Herzegovina (%) 13.17 2023 yearly 2006 - 2023
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 6.50 Jan 2025 monthly Mar 2012 - Jan 2025
Brunei (%) 4.80 2024 yearly 1981 - 2024
Bulgaria (%) 3.80 Dec 2024 quarterly Mar 2000 - Dec 2024
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 6.60 Feb 2025 monthly Jan 1976 - Feb 2025
Chile (%) 8.02 Jan 2025 monthly Mar 2009 - Jan 2025
China (%) 5.10 Dec 2024 quarterly Mar 2017 - Dec 2024
Colombia (%) 11.64 Jan 2025 monthly Jan 2001 - Jan 2025
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 5.00 Jan 2025 monthly Jan 2000 - Jan 2025
Czech Republic (%) 2.68 Jan 2025 monthly Jan 1993 - Jan 2025
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.38 Dec 2024 quarterly Dec 2013 - Dec 2024
Egypt (%) 6.70 Sep 2024 quarterly Mar 2003 - Sep 2024
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 5.80 Jan 2025 monthly Jan 2000 - Jan 2025
Finland (%) 6.90 Apr 2023 monthly Jan 1988 - Apr 2023
France (%) 7.20 Jun 2023 quarterly Mar 1975 - Jun 2023
Georgia (%) 16.40 2023 yearly 1991 - 2023
Germany (%) 3.50 Jan 2025 monthly Jan 1991 - Jan 2025
Ghana (%) 3.56 2023 yearly 1991 - 2023
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 3.10 Jan 2025 monthly Oct 1981 - Jan 2025
Hungary (%) 4.34 Jan 2025 monthly Jan 2000 - Jan 2025
Iceland (%) 3.35 Dec 2024 monthly Jan 2003 - Dec 2024
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 4.91 2024 yearly 1984 - 2024
Iran (%) 9.40 Mar 2022 quarterly Jun 2001 - Mar 2022
Ireland (%) 4.10 Jul 2023 monthly Jan 1998 - Jul 2023
Israel (%) 2.61 Jan 2025 monthly Jan 2012 - Jan 2025
Italy (%) 6.28 Jan 2025 monthly Jan 1983 - Jan 2025
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.50 Jan 2025 monthly Jan 1953 - Jan 2025
Jordan (%) 21.30 Nov 2024 quarterly Feb 2000 - Nov 2024
Kazakhstan (%) 4.60 Jan 2025 monthly Jan 2001 - Jan 2025
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.70 Feb 2025 monthly Jun 1999 - Feb 2025
Kosovo (%) 10.70 Dec 2023 quarterly Mar 2016 - Dec 2023
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 4.10 2023 yearly 1992 - 2023
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.90 Jan 2025 monthly Jan 1998 - Jan 2025
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 6.60 Jan 2025 monthly Jan 1998 - Jan 2025
Luxembourg (%) 5.85 Jan 2025 monthly Jan 1995 - Jan 2025
Macau SAR, China (%) 1.60 Jan 2025 monthly Sep 1996 - Jan 2025
North Macedonia (%) 11.90 Dec 2024 quarterly Mar 2023 - Dec 2024
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.10 Jan 2025 monthly Jan 2010 - Jan 2025
Malta (%) 2.29 Dec 2024 quarterly Mar 2018 - Dec 2024
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.61 Jan 2025 monthly Jan 2005 - Jan 2025
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 5.30 Dec 2024 quarterly Sep 2006 - Dec 2024
Montenegro (%) 11.00 Sep 2024 quarterly Mar 2008 - Sep 2024
Morocco (%) 13.60 Sep 2024 quarterly Mar 1999 - Sep 2024
Mozambique (%) 3.67 2023 yearly 1991 - 2023
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.10 Jul 2021 monthly Jan 2003 - Jul 2021
New Zealand (%) 5.10 Dec 2024 quarterly Mar 1986 - Dec 2024
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 3.90 Dec 2024 monthly Jan 1989 - Dec 2024
Oman (%) 3.60 Jan 2025 monthly Mar 2018 - Jan 2025
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 31.10 Jun 2024 quarterly Mar 2000 - Jun 2024
Panama (%) 9.50 2024 yearly 2003 - 2024
Paraguay (%) 4.55 Dec 2024 quarterly Mar 2017 - Dec 2024
Peru (%) 6.15 Jan 2025 monthly Mar 2001 - Jan 2025
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.40 Jan 2025 monthly Jan 1990 - Jan 2025
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.60 Apr 2023 monthly Jan 2004 - Apr 2023
Russia (%) 2.40 Jul 2024 monthly Jan 1994 - Jul 2024
Saudi Arabia (%) 3.73 Sep 2024 quarterly Mar 2012 - Sep 2024
Serbia (%) 8.10 Sep 2024 quarterly Mar 2014 - Sep 2024
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 5.09 Jan 2025 monthly Jan 2006 - Jan 2025
Slovenia (%) 3.50 Dec 2024 quarterly Jun 1997 - Dec 2024
South Africa (%) 32.10 Sep 2024 quarterly Mar 2008 - Sep 2024
Spain (%) 10.61 Dec 2024 quarterly Mar 2021 - Dec 2024
Sri Lanka (%) 4.10 Sep 2024 quarterly Mar 2004 - Sep 2024
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.22 Apr 2023 monthly Jan 1983 - Apr 2023
Switzerland (%) 4.44 Dec 2024 monthly Jan 1991 - Dec 2024

Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.4 Dec 2024 quarterly Mar 2012 - Dec 2024
Consolidated Fiscal Balance (USD mn) -675.584 Jan 2025 monthly Apr 2011 - Jan 2025
Tax Revenue (USD mn) 4,433.926 Jan 2025 monthly Aug 1987 - Jan 2025
Tax Revenue: % of GDP (%) 10.4 Dec 2024 quarterly Dec 1987 - Dec 2024
National Government Debt (USD mn) 926,486.2 Dec 2024 quarterly Mar 1990 - Dec 2024
Government Debt: % of GDP (%) 173.1 Dec 2024 quarterly Mar 1990 - Dec 2024
Forecast: Government Expenditure (SGD bn) 146.244 2030 yearly 1991 - 2030
Forecast: Government Net Debt (SGD bn) 1,597.757 2030 yearly 1991 - 2030
Forecast: Government Revenue (SGD bn) 169.136 2030 yearly 1991 - 2030
Govt Finance: Cash Surplus / Deficit (SGD mn) -919.200 Jan 2025 monthly Apr 2011 - Jan 2025
Govt Revenue: Operating (SGD mn) 6,815.900 Jan 2025 monthly Jan 2003 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.333 2029 yearly 1980 - 2029
Trade Balance (USD mn) 2,158.2 Jan 2025 monthly Jan 1976 - Jan 2025
Total Exports (USD mn) 43,262.0 Jan 2025 monthly Jan 1976 - Jan 2025
Total Exports Growth (%) 6.2 Jan 2025 monthly Jan 1977 - Jan 2025
Aluminum: Exports (USD th) 482,034.010 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 8,750,013.495 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 9,962,678.423 2023 yearly 1995 - 2023
Total Imports (USD mn) 41,103.8 Jan 2025 monthly Jan 1964 - Jan 2025
Total Imports Growth (%) 14.8 Jan 2025 monthly Jan 1965 - Jan 2025
Imports: Medicament (USD th) 2,018,410.885 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 2,453,494.459 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 4,282.522 Jan 2025 monthly Jan 1976 - Jan 2025
Total Imports from USA (USD mn) 3,960.459 Jan 2025 monthly Jan 1976 - Jan 2025
Total Exports to China (USD mn) 4,458.474 Jan 2025 monthly Jan 1975 - Jan 2025
Total Imports from China (USD mn) 4,998.677 Jan 2025 monthly Jan 1975 - Jan 2025
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Exports: Indonesia (SGD mn) 4,556.100 Jan 2025 monthly Jan 2003 - Jan 2025
Export Value Index (2015=100) 130.084 2021 yearly 1980 - 2021
Import Value Index (2015=100) 136.736 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 12,847.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Current Account Balance (USD mn) 21,619.8 Dec 2024 quarterly Mar 1986 - Dec 2024
Current Account Balance: % of GDP (%) 15.3 Dec 2024 quarterly Mar 1986 - Dec 2024
Foreign Direct Investment (USD mn) 45,589.0 Dec 2024 quarterly Mar 1995 - Dec 2024
Foreign Direct Investment: % of GDP (%) 32.3 Dec 2024 quarterly Mar 1995 - Dec 2024
Foreign Portfolio Investment (USD mn) 7,653.178 Dec 2024 quarterly Mar 1995 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) 5.4 Dec 2024 quarterly Mar 1995 - Dec 2024
External Debt (USD mn) 2,153,029.1 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: % of GDP (%) 391.1 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 1,370,855.0 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Short Term: % of GDP (%) 254.2 2023 yearly 2003 - 2023
Forecast: Current Account Balance (USD bn) 95.944 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 871,662.536 Sep 2024 quarterly Dec 2013 - Sep 2024
BoP: CA: Goods: Exports (SGD mn) 201,807.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment (SGD mn) -38,869.000 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment: Assets (SGD mn) 21,890.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Primary Income Balance (SGD mn) -32,453.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,354.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others: Liabilities (SGD mn) 47,377.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Balance (SGD mn) 48,600.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,199.900 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: Current Account (CA) Balance (SGD mn) 28,814.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 6,433.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: CA: Goods: Imports (SGD mn) 153,207.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) 8,088.600 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Others: Assets (SGD mn) 110,229.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Balance (SGD mn) 15,145.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 60,759.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: Official Reserves (OR): Net (SGD mn) -11,230.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Imports (SGD mn) 121,243.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives (SGD mn) 1,654.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Portfolio Investment (SGD mn) 13,433.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Financial Account (FA): Net (SGD mn) 39,070.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Secondary Income Balance (SGD mn) -2,478.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others (SGD mn) 62,851.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Net Errors and Omissions (SGD mn) -974.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 23,633.100 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Services: Exports (SGD mn) 136,388.600 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 62,901.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 187,451.200 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,409,972.100 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross (SGD mn) 2,762,551.700 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 313,756.800 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 348,972.000 Sep 2024 quarterly Jun 2003 - Sep 2024
Direct Investment Abroad: European Union (EU-27) (SGD mn) 234,607.400 2023 yearly 1994 - 2023
Foreign Direct Investment (FDI): Total (SGD mn) 2,843,105.600 2023 yearly 1998 - 2023
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,788,363.400 2023 yearly 1998 - 2023
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,137.600 2023 yearly 1998 - 2023
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 135,762.400 2023 yearly 1998 - 2023
FDI: By Industry: Manufacturing (SGD mn) 279,941.300 2023 yearly 1998 - 2023
FDI: By Country: United Kingdom (SGD mn) 153,599.700 2023 yearly 1998 - 2023
FDI: By Country: United States (SGD mn) 692,307.300 2023 yearly 1998 - 2023
FDI: By Country: Netherlands (SGD mn) 81,934.900 2023 yearly 1998 - 2023
FDI: By Country: Japan (SGD mn) 181,047.100 2023 yearly 1998 - 2023
FDI: By Country: Switzerland (SGD mn) 73,934.800 2023 yearly 1998 - 2023
Business Entities (BE): Formation: Total (Number) 5,718.000 Jan 2025 monthly Jan 1970 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 51.9 Dec 2024 quarterly Mar 1995 - Dec 2024
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 365,823.695 Jan 2025 monthly Mar 2004 - Jan 2025
Money Supply M2 (USD mn) 994,068.268 Jan 2025 monthly Mar 2004 - Jan 2025
M2 Growth (%) 6.7 Jan 2025 monthly Mar 2005 - Jan 2025
Foreign Exchange Reserves (USD mn) 363,294.4 Jan 2025 monthly Apr 2000 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 65.403 Dec 2024 quarterly Jun 2000 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 9.0 Jan 2025 monthly Apr 2000 - Jan 2025
Gold Reserves (USD mn) 5,953.300 Jan 2025 monthly Apr 2000 - Jan 2025
Total Deposits (USD mn) 1,423,704.045 Jan 2025 monthly Jan 1991 - Jan 2025
Total Deposits Growth (%) 4.7 Jan 2025 monthly Jan 1992 - Jan 2025
Domestic Credit (USD mn) 886,995.9 Jan 2025 monthly Mar 2004 - Jan 2025
Domestic Credit Growth (%) 6.1 Jan 2025 monthly Mar 2005 - Jan 2025
Credit to Households (USD bn) 249.217 Sep 2024 quarterly Mar 1991 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 929.148 Sep 2024 quarterly Dec 1963 - Sep 2024
Household Debt (USD mn) 278,791.7 Jan 2025 monthly Mar 2004 - Jan 2025
Total Loans (USD mn) 960,210.025 Jan 2025 monthly Mar 2004 - Jan 2025
Total Loans Growth (%) 3.63 Jan 2025 monthly Mar 2005 - Jan 2025
Private Debt: % of Nominal GDP (%) 128.28 Dec 2024 quarterly Mar 2004 - Dec 2024
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 0.2 Feb 2025 monthly Jan 2000 - Feb 2025
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

More Indicators for Singapore

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