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EDUCATION SERVICES |
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In 2005, the education services industry1
comprised 3,200 establishments and employed some 54,800 workers. This
represented 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 $2,473 million in 2005,
9.9 per cent higher compared with 2004. Correspondingly, on a per
establishment basis, operating receipts rose by 6.9 per cent to $779,300
in 2005. |
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Total operating expenditure
increased by 5.7 per cent from $5,245 million in 2004 to $5,543 million
in 2005. On a per establishment basis, operating expenditure also
increased by 2.9 per cent during the same period. |
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Total operating surplus
rose by 11.6 per cent to $830 million in 2005. Correspondingly,
operating surplus per establishment increased by 8.7 per cent from
$240,900 in 2004 to $261,700 in 2005. |
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Total value added
of the education services industry increased by 5.6 per cent from
$3,685 million in 2004 to $3,889 million in 2005. On a per
establishment basis, value added also grew by 2.7 per cent to $1.2
million in 2005. |
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II. MAIN ACTIVITIES IN EDUCATION
SERVICES |
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General education services, which made
up about one-fifth of the total number of establishments in 2005,
were the largest employer in the education industry (Chart 1).
Institutions of higher education, though the smallest in number,
had the largest employment per establishment, engaging about 1,400
workers per institution. |
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The ¡°higher education¡± group was the
largest contributor in terms of operating receipts and value
added, accounting for 34.9 per cent and 55.0 per cent of the
respective totals (Chart 2). |
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General education services constituted
another major group in the education services industry, accounting
for 23.4 per cent and 26.2 per cent share of the total industry¡¯s
operating receipts and value added respectively. |
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In 2005, remuneration was the top
business cost item for all education services groups, ranging from
26.1 per cent for supporting services to 70.5 per cent for general
education services. |
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Cost of depreciation was the next
largest business cost for general education, technical &
commercial education and higher education services. |
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The second largest business cost item
for the ¡°other education¡± and ¡°supporting services¡± groups was
rental cost of premises and subcontract charges (for example,
payment to individuals and businesses for conducting talks and
seminars) respectively. |
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III. KEY PERFORMANCE AVERAGES |
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Average Annual Remuneration
per Employee was $56,900 for employees
working in the education services industry in 2005. Employees in
higher education services received an average remuneration of
$83,700, the highest among the education services groups (Table
2). On the other hand, employees in the ¡°other education¡± group
were the lowest paid, receiving an average of $24,200. |
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Value Added per Worker
was $71,000 for the education services industry in 2005. Higher
education institutions continued to register the highest value
added of $115,300 per worker among all the education services
groups (Chart 3). In contrast, the ¡°other education¡± group
recorded the lowest value added per worker of $30,700. |
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IV. PERFORMANCE BY FIRM SIZE |
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Firms less than 10 workers formed the
majority (75.7 per cent) in the education services industry in
2005 (Table 3). However, firms with 100 workers & above, which
constituted only 2.6 per cent, contributed the most to total
operating receipts (60.2 per cent). This group¡¯s value added per
worker was also the highest at $98,700 in 2005. |
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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.singstat.gov.sg News
Release 16 Aug 2007 |
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FrontPage Edition: Sun 19 August 2007
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