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Source:
www.gov.sg |
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ECONOMIC SURVEYS SERIES
Reference Year 2004 |
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Education Services |
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In 2004, the education services industry1
comprised 2,900 establishments. The industry employed some 49,600
workers, or an average employment size of 17 workers per establishment. |
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I. ECONOMIC PERFORMANCE |
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Total operating receipts generated by the
education services industry was $2,104 million in 2004, an increase of
6.9 per cent over 2003. Correspondingly, on a per establishment basis,
operating receipts rose by 0.9 per cent to $721,600 in 2004. |
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Total operating expenditure increased by 4.2
per cent from $4,896 million in 2003 to $5,101 million in 2004.
Operating expenditure per establishment, however, decreased by 1.7 per
cent during the same period. |
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Total operating surplus declined by 1.6 per
cent to $731 million in 2004, due mainly to the lower operating surplus
registered by technical & commercial education services.
Correspondingly, operating surplus per establishment decreased by 7.1
per cent from $269,700 in 2003 to $250,600 in 2004. |
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Total value added of the education
services industry increased marginally by 0.3 per cent from $3,595
million in 2003 to $3,606 million in 2004. On a per establishment
basis, value added dropped by 5.3 per cent to $1.2 million in 2004. |
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II. MAIN ACTIVITIES IN EDUCATION
SERVICES |
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General education and technical &
commercial education services made up more than one-third of the
total number of establishments in 2004 (Chart 1). Institutions of
higher education, though the smallest in number, had the largest
employment share, engaging a total of 18,200 workers or 36.7 per
cent of total employment in 2004. |
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In terms of operating receipts and value
added, the largest contributor was the ¡°higher education¡± group,
accounting for 35.3 per cent and 56.7 per cent of the respective
totals (Chart 2). This was followed by general education services
with 24.5 per cent and 26.0 per cent share of the total industry¡¯s
operating receipts and value added respectively. |
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In 2004, more than half of the total
operating expenditure incurred by the education services industry
was for remuneration. Within the industry, remuneration was the top
business cost item for all groups, except supporting services to
education, constituting 42-72 per cent of the groups¡¯ operating
expenses. |
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For supporting services to education,
the top business cost item was subcontract charges (for example,
payment to individuals and businesses for conducting talks and
seminars), contributing 26.2 per cent to the group¡¯s operating
expenditure. |
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III. KEY PERFORMANCE AVERAGES |
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Average Annual Remuneration per Employee
was the highest for employees in higher education services (Table
2). They received an average remuneration of $83,200 in 2004, higher
than the overall education industry¡¯s average remuneration of
$59,500. On the other hand, employees in the ¡°other schools &
instruction¡± group were the lowest paid, receiving an average of
$26,200. |
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Value Added per Worker was $72,700 for
overall education services in 2004. Higher education institutions
continued to register the highest value added of $112,200 per worker
among all the industry groups (Chart 3). In contrast, the ¡°other
schools & instruction¡± group recorded the lowest value added per
worker of $32,100. |
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IV. PERFORMANCE BY FIRM SIZE |
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Small firms (ie less than 10 workers)
formed the majority (80.3 per cent) in the education services
industry in 2004 (Table 3). However, large firms (100 workers &
above) which constituted only 2.4 per cent, contributed the most to
total operating receipts (59.1 per cent). This group¡¯s value added
per worker was also the highest at $98,100 in 2004. |
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More..... |
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1
Includes all establishments and statutory boards engaged in
education services but exclude government ministries and
departments. Government schools under the full funding and control
of the Ministry of Education are also excluded. |
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Source:
www.gov.sg Media Release 9 Jun
2006 |
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FrontPage Edition: Sun 11 June 2006
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