New Zealand Labour Costs  1992-2018 | Data | Chart | Calendar | Forecast

New Zealand's annual wage inflation, as measured by the labor cost index, stood at 1.8 percent in the first quarter of 2018, unchanged from the previous period. Private sector wages rose by 1.9 percent, the same pace as in the previous quarter, and the growth of public sector wages was also steady at 1.5 percent. On a quarterly basis, wages increased by 0.3 percent, following a 0.4 percent gain in the previous quarter. Labour Costs in New Zealand averaged 908.71 Index Points from 1992 until 2018, reaching an all time high of 1162 Index Points in the first quarter of 2018 and a record low of 700 Index Points in the fourth quarter of 1992.

New Zealand Labour Costs
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New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.40 4.50 11.20 3.30 percent [+]
Employed Persons 2618.00 2603.00 2618.00 1499.00 Thousand [+]
Unemployed Persons 119.00 122.00 189.00 69.00 Thousand [+]
Employment Change 0.60 0.50 2.50 -1.80 percent [+]
Labor Force Participation Rate 70.80 70.90 71.10 63.00 percent [+]
Labour Costs 1162.00 1158.00 1162.00 700.00 Index Points [+]
Productivity 167.97 168.43 171.61 117.96 Index Points [+]
Job Vacancies 191.48 199.44 200.70 55.20 Index Points [+]
Job Advertisements 43165.08 43867.99 44122.68 14139.22 [+]
Wages 31.03 30.74 31.03 13.07 NZD/Hour [+]
Wages in Manufacturing 29.53 29.24 29.53 12.44 NZD/Hour [+]
Minimum Wages 16.50 15.75 16.50 10.25 NZD/Hour [+]
Population 4.84 4.75 4.84 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Youth Unemployment Rate 11.20 11.20 15.30 10.30 percent [+]
Part Time Employment 554.00 552.00 555.00 264.00 Thousand [+]
Employment Rate 67.70 67.70 67.80 56.40 percent [+]
Full Time Employment 2062.00 2050.00 2062.00 1177.00 Thousand [+]


New Zealand Labour Costs

Labour cost index measures changes in labour costs. These costs include base salary and ordinary-time wage rates, overtime wage rates, and non-wage labour-related costs including annual leave and statutory holidays, superannuation, ACC employer premiums, medical insurance, motor vehicles available for private use and low-interest loans. This page provides - New Zealand Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Labour Costs - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1162.00 1158.00 1162.00 700.00 1992 - 2018 Index Points Quarterly
2009Q2=1000, NSA




labour costs by Country
Country Last
Australia 101.10 Mar/18
Brazil 105.74 May/18
Canada 117.22 Mar/18
China 103.50 Mar/18
Euro Area 102.50 Mar/18
France 107.30 Mar/18
Germany 113.11 Mar/18
Italy 104.80 Mar/18
Mexico 79.50 Apr/18
Netherlands 101.90 Mar/18
South Korea 145.80 Sep/17
Spain 105.10 Dec/17
Turkey 147.86 Mar/18
United Kingdom 103.80 Mar/18
United States 110.16 Mar/18


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