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Written reply to PQ on private security sector

Written reply to PQ on private security sector

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


 

 

 
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