Labour Costs in Thailand decreased to 94.99 points in the first quarter of 2021 from 95.84 points in the fourth quarter of 2020. source: Bank of Thailand

Labour Costs in Thailand averaged 98.50 points from 2001 until 2021, reaching an all time high of 110.42 points in the second quarter of 2012 and a record low of 88.61 points in the first quarter of 2018. This page provides - Thailand Labour Costs- actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Unit Labour Cost - values, historical data and charts - was last updated on October of 2021.

Labour Costs in Thailand is expected to be 81.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Thailand to stand at 81.00 in 12 months time. In the long-term, the Thailand Unit Labour Cost is projected to trend around 81.00 points in 2022, according to our econometric models.

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Thailand Unit Labour Cost

Thailand Last Unit Reference Previous Highest Lowest
Unemployment Rate 1.90 percent Jun/21 1.96 7.75 0.47
Unemployed Persons 731.83 Thousand Jun/21 758.06 1743.70 188.01
Employed Persons 37821.80 Thousand Jun/21 37580.88 39586.87 28418.50
Job Vacancies 60116.00 Aug/21 40332.00 461642.00 12620.00
Wages in Manufacturing 13527.70 THB/Month Mar/21 13677.70 13779.40 5516.00
Minimum Wages 336.00 THB/Day Dec/20 331.00 336.00 12.00
Population 66.65 Million Dec/20 66.56 66.65 27.36
Productivity 113.56 points Jun/21 122.29 141.30 92.90
Labour Costs 94.99 points Mar/21 95.84 110.42 88.61