Questions
Mr Zainal Sapari: To ask the Minister for Trade and Industry (a) what is the annual revenue generated by the private security sector from 2015 to 2019; (b) what is the value add (VA) per worker for the same period; and (c) what is the total industry revenue of security technology firms for 2018 and 2019.
Written Answer by Minister for Trade & Industry Mr Chan Chun Sing
2 Between 2015 and 2018, the revenue of the private security industry averaged $2.2 billion per year, while its nominal value-added (VA) per worker averaged $38,300 per year (refer to Table 1). The total revenue of the security technology industry was $651 million in 2018.
Table 1: Revenue and Nominal VA per Worker of Private Security Industry
|
2.[1] |
Year |
3. |
Revenue ($ billion) |
4. |
Nominal VA per Worker ($ thousand) |
||
|
5. |
2015 |
|
6. |
1.9 |
|
7. |
35.2 |
|
8. |
2016 |
|
9. |
2.0 |
|
10. |
36.9 |
|
11. |
2017 |
|
12. |
2.3 |
|
13. |
39.6 |
|
14. |
2018p |
|
15. |
2.5 |
|
16. |
41.3 |
|
17. |
Average |
|
18. |
2.2 |
|
19. |
38.3 |
p: preliminary