New Zealand Average Hourly Wages - Forecast

Wages in New Zealand is expected to be 31.55 NZD/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in New Zealand to stand at 32.27 in 12 months time. In the long-term, the New Zealand Average Hourly Wages is projected to trend around 34.49 NZD/Hour in 2020, according to our econometric models.


Forecast Data Chart
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New Zealand Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 4.5 4.6 4.5 4.5 4.4 4.3
Employed Persons 2631 2654 2600 2640 2645 2700
Unemployed Persons 124 124 123 124 125 125
Employment Change 0.5 0.5 1.1 0.2 0.68 0.4
Labor Force Participation Rate 70.9 70.9 70.8 70.8 70.9 71.2
Labour Costs 1168 1179 1184 1189 1194 1238
Productivity 169 169 169 169 169 169
Job Vacancies 191 189 189 189 189 189
Job Advertisements 44886 45731 46131 46394 46561 46855
Wages 31.08 31.57 32.04 32.27 32.53 34.49
Wages in Manufacturing 29.37 29.7 31.2 29.84 30.05 34
Minimum Wages 16.5 16.5 18 18 18 20
Population 4.84 4.91 5.1 5.1 5.1 5.2
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 10.9 11.44 11.53 11.22 11.19 11.31
Part Time Employment 545 560 556 558 560 579
Employment Rate 67.7 67.64 67.43 67.58 67.44 67.49
Full Time Employment 2093 2126 2144 2159 2175 2286