New Zealand Labour Costs  1992-2017 | Data | Chart | Calendar | Forecast

New Zealand's annual wage inflation, as measured by the labor cost index, edged up to 1.8 percent in the third quarter of 2017, from 1.7 percent in the previous period. Private sector wages rose by 1.9 percent (vs +1.6 percent in the previous quarter) and the growth of public sector wages slowed down to 1.5 percent (vs +1.9 percent). On a quarterly basis, wages increased by 0.6 percent, following three consecutive quarters of a 0.4 percent gain. Labour Costs in New Zealand averaged 901.13 Index Points from 1992 until 2017, reaching an all time high of 1146 Index Points in the second quarter of 2017 and a record low of 699.62 Index Points in the fourth quarter of 1992.

New Zealand Labour Costs
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Calendar GMT Actual Previous Consensus TEForecast
2017-08-01 10:45 PM Labour Costs Index YoY 1.7% 1.6% 1.7%
2017-10-31 09:45 PM Labour Costs Index QoQ 0.6% 0.4% 0.4%
2017-10-31 09:45 PM Labour Costs Index YoY 1.8% 1.7% 1.8%


New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.80 11.20 3.30 percent [+]
Employed Persons 2593.00 2535.00 2593.00 1499.00 Thousand [+]
Unemployed Persons 126.00 128.00 189.00 69.00 Thousand [+]
Employment Change 2.20 -0.20 2.40 -1.80 percent [+]
Labor Force Participation Rate 71.10 70.00 71.10 63.00 percent [+]
Labour Costs 1152.00 1145.00 1152.00 699.62 Index Points [+]
Productivity 166.68 164.21 171.61 117.96 Index Points [+]
Job Vacancies 186.70 198.20 198.20 55.20 Index Points [+]
Job Advertisements 42940.15 42544.27 43303.77 14139.40 [+]
Wages 30.51 30.15 30.51 13.07 NZD/Hour [+]
Wages in Manufacturing 29.11 28.47 3382.74 28.21 NZD Million/Quarter [+]
Minimum Wages 15.75 15.25 15.75 10.25 NZD/Hour [+]
Population 4.75 4.65 4.75 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 [+]
Full Time Employment 2038.00 2004.00 2038.00 1177.00 Thousand [+]
Youth Unemployment Rate 11.10 12.70 15.30 10.30 percent [+]
Part Time Employment 555.00 536.00 555.00 264.00 Thousand [+]
Employment Rate 66.70 67.10 67.10 56.40 percent [+]


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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1152.00 1145.00 1152.00 699.62 1992 - 2017 Index Points Quarterly
NSA, 2009Q2=1000




labour costs by Country
Country Last
Australia 99.80 Jun/17
Brazil 140.43 Sep/17
Canada 114.65 Jun/17
China 104.00 Sep/17
Euro Area 111.10 Jun/17
France 107.30 Jun/17
Germany 111.97 Jun/17
Italy 106.70 Jun/17
Mexico 85.70 Sep/17
Netherlands 115.10 Jun/17
South Korea 148.10 Mar/17
Spain 101.70 Jun/17
Turkey 232.11 Jun/17
United Kingdom 104.90 Jun/17
United States 108.96 Sep/17