Statistics of Resident Workers Employed by Local Firms Across Revenue Tiers in Five-Year Intervals over Past 10 Years

Mr Shawn Loh asked the Deputy Prime Minister and Minister for Trade and Industry whether the Ministry will be able to provide the number and percentage of resident workers employed by local firms earning annual revenue (i) above $500 million (ii) $101 to $500 million and (iii) $11 to $100 million, in five-year intervals over the past decade.

Mr Gan Kim Yong: According to the Ministry of Manpower's Labour Market Report 2Q 2024, 67% of employed residents were in local-owned firms as of June 2024.1 A breakdown of employed residents in local-owned firms by revenue bands is not available.

Note(s) to Question No(s) 7:

1 Data is based on firms with at least one employee. Self-employed residents are excluded. Foreign-owned firms are defined as those with less than 50% local equity, while local-owned firms are defined as those with at least 50% local equity.