Oral reply to PQ on Indicators to measure how economic growth affects resident income

Question:

Mr Victor Lye: To ask the Minister for Energy, Trade and Industry (Energy and Industry) given that Gross Domestic Product (GDP) growth has become less employment-intensive, whether the Ministry will publish indicators showing how economic growth translates into (i) resident employment income (ii) income from Singapore-owned capital and enterprises overseas and (iii) overall Gross National Income, alongside GDP growth.

Oral Answer (to be attributed to Minister for Energy, Trade and Industry (Energy and Industry) Dr Tan See Leng

1.       Aside from GDP growth, the Government publishes a range of indicators such as income earned by full-time employed residents, the operating revenue and nominal value-added of local companies, income received by residents from abroad, as well as Gross National Income. The data can be found at the Department of Statistics’ website.