Labour Costs in Thailand increased to 93.72 Index Points in the first quarter of 2019 from 91.21 Index Points in the fourth quarter of 2018. Labour Costs in Thailand averaged 98.69 Index Points from 2001 until 2019, reaching an all time high of 110.42 Index Points in the second quarter of 2012 and a record low of 88.61 Index Points in the first quarter of 2018.
Labour Costs in Thailand is expected to be 88.00 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 Thailand to stand at 83.00 in 12 months time. In the long-term, the Thailand Unit Labour Cost is projected to trend around 81.00 Index Points in 2020, according to our econometric models.