Taiwan Labour Costs - Forecast

Labour Costs in Taiwan is expected to be 109.23 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 Taiwan to stand at 108.87 in 12 months time. In the long-term, the Taiwan Labour Costs is projected to trend around 108.87 Index Points in 2020, according to our econometric models.


Taiwan Labour Costs
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Taiwan Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.69 3.75 3.81 3.92 3.96 4.15
Employed Persons 11416 11435 11463 11491 11520 11831
Unemployed Persons 437 437 437 437 438 438
Labor Force Participation Rate 58.95 58.93 58.92 58.92 58.92 58.92
Labour Costs 89.84 109 109 109 109 109
Productivity 107 113 109 108 102 110
Minimum Wages 22000 22000 22000 22000 23200 24500
Wages in Manufacturing 43183 43700 45200 47300 43000 49400
Population 23.57 23.59 23.6 23.6 23.61 23.71
Wages 45767 46300 45620 49100 45400 50900
Youth Unemployment Rate 11.75 11.97 12.03 12 12 12