Taiwan Labour Costs - Forecast

Labour Costs in Taiwan is expected to be 103.71 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 104.72 in 12 months time. In the long-term, the Taiwan Labour Costs is projected to trend around 104.73 Index Points in 2020, according to our econometric models.


Taiwan Labour Costs
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Taiwan Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.7 3.73 3.75 3.81 3.92 4.15
Employed Persons 11393 11399 11400 11400 11399 11386
Unemployed Persons 437 436 434 433 431 410
Labor Force Participation Rate 58.89 58.87 58.85 58.84 58.83 58.72
Labour Costs 97.83 104 105 105 105 105
Productivity 105 109 109 108 108 107
Minimum Wages 22000 22000 22000 22000 22000 24500
Wages in Manufacturing 44637 42840 43700 45200 47300 49400
Population 23.53 23.54 23.54 23.55 23.56 23.61
Wages 45133 45230 46300 45620 49100 50900
Youth Unemployment Rate 11.78 11.77 11.63 11.52 11.41 10.32