Labour productivity in Singapore dropped by 2.6% in 2012

After it rose 1.3% in 2011.

According to MoM, amid slower GDP growth and continued high employment creation, labour productivity contracted by 2.6% in 2012, after rising by 1.3% in 2011 and 11% in 2010, reflecting the volatility in year-to-year change in labour productivity.

It also said that over the decade from 2002 to 2012, labour productivity grew on average by 1.6% per annum, exceeding the growth in real total wages (including employer CPF contributions) of 1.2% per annum.

"In the immediate post-SARS years, labour productivity grew strongly on the back of robust GDP growth. However, in the last five years, labour productivity shrank by 0.4% per annum as economic growth was driven primarily by employment."