Singapore Income Distribution Analysis (2025)
This analysis has been conducted using publicly available data from the Inland Revenue Authority of Singapore (IRAS) on the assessable income of tax residents.
Between 2004 and 2023, Singapore's income distribution experienced broad-based growth, as shown in the Growth Incidence Curve.
For most percentiles, incomes rise almost linearly — roughly +0.6% cumulative growth per percentile — reflecting consistent gains across the population.
Yet, several regime breaks emerge: percentiles P62-P67 and P70-P80 temporarily outpace the linear trend, while P86-P89 and especially P92-P98 fall below it.
Finally, the top 1% (P99) stand out again, with a cumulative growth of around 66%, exceeding the fitted line.
These breakpoints highlight how inequality pressures are concentrated at the very top, despite broadly shared gains across most of the distribution.
GitHub Repo: Link, Data Source: Link