New Zealand Labour Costs  1992-2017 | Data | Chart | Calendar | Forecast

New Zealand's annual wage inflation, as measured by the labour cost index, edged down to 1.5 percent in the first quarter of 2017, slightly below 1.6 percent in the previous period and also below expectations of 1.7 percent. Private sector wages rose by 1.5 percent (vs +1.6 percent in the previous quarter) while public sector wages went up by 1.7 percent (vs +1.8 percent). On a quarterly basis, wages increased by 0.4 percent, matching the previous period. Labour Costs in New Zealand averaged 896.13 Index Points from 1992 until 2016, reaching an all time high of 1137 Index Points in the fourth quarter of 2016 and a record low of 699.62 Index Points in the fourth quarter of 1992.

New Zealand Labour Costs
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-31 09:45 PM Q4 0.4% 0.4% 0.5%
2017-05-02 10:45 PM Q1 1.5% 1.6% 1.7% 1.7%
2017-05-02 10:45 PM Q1 0.4% 0.4% 0.5% 0.4%
2017-08-02 10:45 PM Q2
2017-08-02 10:45 PM Q2 0.4%
2017-11-01 09:45 PM Q3




New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.20 11.20 3.30 percent [+]
Employed Persons 2539.00 2510.00 2539.00 1499.00 Thousand [+]
Unemployed Persons 132.00 139.00 189.00 69.00 Thousand [+]
Employment Change 1.20 0.80 2.40 -1.80 percent [+]
Labor Force Participation Rate 70.60 70.50 70.60 63.00 percent [+]
Labour Costs 1141.00 1137.00 1141.00 699.62 Index Points [+]
Productivity 166.55 167.96 171.61 117.96 Index Points [+]
Job Vacancies 144.40 153.10 153.10 55.20 Index Points [+]
Job Advertisements 43303.77 41914.34 43303.77 14139.40 [+]
Wages 29.96 29.80 29.96 13.07 NZD/Hour [+]
Wages in Manufacturing 29.22 28.71 3382.74 28.21 NZD Million/Quarter [+]
Minimum Wages 15.75 15.25 15.75 10.25 NZD/Hour [+]
Population 4.75 4.65 4.75 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Employment Rate 66.90 66.70 66.90 56.40 percent [+]
Part Time Employment 546.00 528.00 546.00 264.00 Thousand [+]
Youth Unemployment Rate 13.60 11.20 15.30 10.30 percent [+]
Full Time Employment 1992.00 1981.00 1992.00 1177.00 Thousand [+]


New Zealand Labour Costs Notes

Labour cost index measures changes in labour costs. These costs include base salary and ordinary-time wage rates, overtime wage rates, and non-wage labour-related costs including annual leave and statutory holidays, superannuation, ACC employer premiums, medical insurance, motor vehicles available for private use and low-interest loans. This page provides - New Zealand Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Labour Costs - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1141.00 1137.00 1141.00 699.62 1992 - 2017 Index Points Quarterly
NSA, 2009Q2=1000



labour costs by Country

Last
Australia 99.30 Dec/16
Brazil 140.21 Mar/17
Canada 116.36 Dec/16
China 103.60 Mar/17
Euro Area 112.20 Dec/16
France 107.10 Dec/16
Germany 111.17 Dec/16
Italy 105.44 Dec/16
Mexico 73.20 Mar/17
Netherlands 103.90 Dec/16
South Korea 134.10 Dec/16
Spain 104.30 Dec/16
Turkey 210.46 Dec/16
United Kingdom 102.60 Dec/16
United States 111.90 Mar/17