Hong Kong Labour Costs - Forecast

Labour Costs in Hong Kong is expected to be 142.60 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Hong Kong to stand at 162.33 in 12 months time. In the long-term, the Hong Kong Labour Costs is projected to trend around 153.65 Index Points in 2020, according to our econometric models.


Hong Kong Labour Costs
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Hong Kong Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.9 3.4 3.1 3.5 3.1 3.9
Employed Persons 3872 3871 3856 3845 3841 3845
Unemployed Persons 112 110 111 111 111 113
Labor Force Participation Rate 61.4 61.09 61.33 61.13 61.27 61.23
Productivity 160 160 162 163 163 167
Job Vacancies 74041 71601 71594 71594 71594 71594
Wages 15819 16200 16400 16400 16350 17300
Wages in Manufacturing 215 217 218 218 221 220
Minimum Wages 34.5 34.5 34.5 34.5 36.5 36.5
Population 7.41 7.5 7.43 7.5 7.44 7.7
Retirement Age Men 65 65 65 65 65 65
Retirement Age Women 65 65 65 65 65 65
Youth Unemployment Rate 5.3 5.38 5.48 5.52 5.53 5.55