Singapore's median household income up 2.7 pct in 2012

SINGAPORE, Feb. 20 (Xinhua) -- The median monthly household income from work in Singapore rose by 2.7 percent year on year in real terms in 2012, the Department of Statistics said on Wednesday.

The median monthly household income from work rose from 7,040 Singapore dollars (5,677 U.S. dollars) in 2011 to 7,570 Singapore dollars (6,105 U.S. dollars) in 2012, up 7.5 percent year on year in nominal terms.

Taking into consideration changes in household size, the median monthly household income from work for each household member rose by 1.9 percent in real terms, and 13 percent over the five years from 2007 to 2012.

Meanwhile, the Gini coefficient, a measure of income inequality, increased from 0.473 to 0.478. After taking into account government transfers and taxes, the figure is 0.459.

We recommend:
New vehicles unveiled at Canadian Int'l Auto Show	Video: Facebook targeted by hackers	Sanya duty-free shops see surging sales
Juniper buries doubts on boom	3D printing reshapes manufacturing	Hongyanhe nuclear power station in NE China