Economist Salary in Singapore

Economist Salary Table

Salary by Experience

Tax & Cost of Living

Demand Outlook

How Much Does a Economist Earn in Singapore?

The middle 50% of economists in Singapore earn between SGD 212,000 and SGD 305,000 a year, with the median at SGD 252,000. Where you fall in that range depends mostly on three things: years of experience, employer type, and specialization. This is largely location-bound work, so local market conditions and the strength of Singapore's economy set the ceiling more than international rates do.

Global Pay Rankings for Economists

At current exchange rates, Singapore's median works out to $194,966, compared with $115,000 in the United States for the same job. The highest-paying countries we track for this role are Singapore ($194,966), Ireland ($177,072), Qatar ($169,505). Keep in mind that higher-paying markets usually pair with higher living costs, so net purchasing power gaps are smaller than the headline numbers.

Salary Growth by Experience

A newcomer to the field in Singapore typically starts around SGD 171,000. By mid-career the median reaches SGD 252,000, and senior professionals command SGD 348,000 or more — roughly 2.0x the entry-level figure. The steepest percentage gains usually come in the first five to eight years; after that, moving into leadership, changing employers strategically, or specializing tends to matter more than tenure alone.

Job Market Outlook for Economists

Demand for economists in Singapore is solid, scoring 72/100 on our demand index. Only around 55% of roles in this field offer remote flexibility, so opportunities concentrate where employers physically operate — typically larger cities and industrial regions. Employers currently hold moderate leverage, so differentiating through specialization or certifications materially improves outcomes.

What Inflation Does to Your Salary

Inflation in Singapore is a modest 0.9%, so nominal salary figures translate fairly directly into stable purchasing power. Raises above 0.9% represent genuine real-terms gains.

Required Skills and Education

The standard entry route is master's or phd in economics. Day to day, the skills that consistently correlate with higher pay in this field are econometrics, statistical software, policy analysis — and, at senior levels, forecasting and research writing. Candidates who can demonstrate these with concrete work examples routinely land in the upper half of the salary range.

Related Career Paths

Skills from this role transfer well into adjacent positions such as Financial Analyst, Data Scientist, Professor. Lateral moves like these are one of the most reliable ways to accelerate pay growth in Singapore — particularly moves toward roles with higher demand scores or greater remote flexibility.