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 1.9 percent in the second quarter of 2018, edging up from 1.8 percent in the previous period. Private sector wages rose by 2.1 percent, compared to 1.9 percent in the previous quarter, while the growth of public sector wages edged down to 1.4 percent from 1.5 percent. On a quarterly basis, wages increased by 0.5 percent in the second quarter, following a 0.3 percent gain in the previous period. Labour Costs in New Zealand averaged 911.22 Index Points from 1992 until 2018, reaching an all time high of 1168 Index Points in the second 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 4.50 4.40 11.20 3.30 percent [+]
Employed Persons 2631.00 2618.00 2631.00 1499.00 Thousand [+]
Unemployed Persons 124.00 120.00 189.00 69.00 Thousand [+]
Employment Change 0.50 0.60 2.50 -1.80 percent [+]
Labor Force Participation Rate 70.90 70.80 71.10 63.00 percent [+]
Labour Costs 1168.00 1162.00 1168.00 700.00 Index Points [+]
Productivity 168.99 167.97 171.61 117.96 Index Points [+]
Job Vacancies 190.92 187.91 200.70 55.20 Index Points [+]
Job Advertisements 45099.12 44725.03 45099.12 14139.22 [+]
Wages 31.08 31.03 31.08 13.07 NZD/Hour [+]
Wages in Manufacturing 29.37 29.53 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 10.90 12.40 15.30 10.30 percent [+]
Part Time Employment 545.00 554.00 554.00 264.00 Thousand [+]
Employment Rate 67.70 67.70 67.80 56.40 percent [+]
Full Time Employment 2093.00 2064.00 2093.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1168.00 1162.00 1168.00 700.00 1992 - 2018 Index Points Quarterly
2009Q2=1000, NSA




labour costs by Country
Country Last
Australia 100.60 Jun/18
Brazil 105.04 Jul/18
Canada 116.80 Jun/18
China 104.60 Jun/18
Euro Area 113.70 Jun/18
France 108.10 Jun/18
Germany 113.18 Jun/18
Italy 107.00 Jun/18
Mexico 84.30 Jul/18
Netherlands 115.30 Jun/18
Singapore 107.90 Jun/18
South Africa 148.30 Dec/17
South Korea 127.70 Mar/18
Spain 98.30 Mar/18
Turkey 153.67 Jun/18
United Kingdom 103.80 Mar/18
United States 109.33 Jun/18


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