New Zealand Labour Costs  1992-2016 | Data | Chart | Calendar | Forecast

New Zealand's annual wage inflation, as measured by the labour cost index, increased to 1.6 percent in the third quarter of 2016 from 1.5 percent in the previous period. Private sector wage inflation remained at 1.6 percent while for the public sector it increased to 1.7 percent. The increase in the public sector was influenced by collective agreements for nurses, primary teachers, and the police, making wage inflation higher in the public than the private sector for the first time since the June 2010 quarter. Labour Costs in New Zealand averaged 893.62 Index Points from 1992 until 2016, reaching an all time high of 1132.00 Index Points in the third 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)
2016-08-02 10:45 PM Q2 1.5% 1.6% 1.8%
2016-11-01 09:45 PM Q3 0.4% 0.4% 0.4% 0.3%
2016-11-01 09:45 PM Q3 1.6% 1.5% 1.6%
2017-02-02 09:45 PM Q4
2017-02-02 09:45 PM Q4
2017-05-03 10:45 PM Q1




New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.00 11.20 3.30 percent [+]
Employed Persons 2494.00 2460.00 2494.00 1499.00 Thousand [+]
Unemployed Persons 128.00 131.00 189.00 69.00 Thousand [+]
Employment Change 1.40 2.40 2.40 -1.80 percent [+]
Labor Force Participation Rate 70.10 69.70 70.10 63.00 percent [+]
Labour Costs 1132.00 1127.00 1132.00 699.62 Index Points [+]
Productivity 167.02 169.04 171.61 117.96 Index Points [+]
Job Vacancies 142.10 138.40 142.10 55.20 Index Points [+]
Job Advertisements 41656.18 41543.86 55192.06 21292.68 [+]
Wages 29.84 29.67 29.84 13.07 NZD/Hour [+]
Wages in Manufacturing 28.67 28.35 3382.74 28.21 NZD Million/Quarter [+]
Minimum Wages 14.75 13.75 14.25 10.25 NZD/Hour [+]
Population 4.60 4.51 4.60 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 66.70 66.20 66.70 56.40 percent [+]
Full Time Employment 1950.00 1944.00 1950.00 1177.00 Thousand [+]
Youth Unemployment Rate 11.10 10.80 15.30 10.30 percent [+]
Part Time Employment 542.00 520.00 542.00 264.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1132.00 1127.00 1132.00 699.62 1992 - 2016 Index Points Quarterly
NSA, 2009Q2=1000



Last
Australia 99.90 Jun/16
Austria 108.90 Sep/16
Belgium 108.40 Jun/16
Brazil 139.55 Oct/16
Bulgaria 126.97 Jun/16
Canada 116.47 Jun/16
China 103.30 Sep/16
Croatia 99.20 Jun/16
Cyprus 88.98 Jun/16
Czech Republic 104.46 Jun/16
Denmark 111.11 Jun/16
Estonia 124.38 Jun/16
Euro Area 109.20 Jun/16
European Union 108.80 Jun/16
Finland 112.30 Jun/16
France 106.60 Jun/16
Germany 110.47 Sep/16
Greece 87.60 Jun/16
Hong Kong 135.90 Jun/16
Hungary 118.50 Jun/16
Ireland 86.50 Jun/16
Italy 110.69 Jun/16
Latvia 123.39 Jun/16
Lithuania 122.20 Jun/16
Luxembourg 120.96 Aug/16
Malta 118.71 Jun/16
Mauritius 130.10 Dec/15
Mexico 75.80 Sep/16
Netherlands 115.50 Jun/16
New Zealand 1132.00 Sep/16
Norway 123.20 Sep/16
Poland 104.30 Jun/16
Portugal 98.00 Jun/16
Romania 110.10 Jun/16
Serbia 104.75 Aug/16
Singapore 110.90 Sep/16
Slovakia 104.00 Jun/16
Slovenia 103.20 Jun/16
South Africa 155.50 Mar/16
South Korea 123.30 Jun/16
Spain 101.90 Jun/16
Sweden 123.30 Aug/16
Taiwan 98.16 Sep/16
Thailand 104.07 Jun/16
Turkey 203.61 Jun/16
United Kingdom 101.70 Jun/16
United States 110.70 Sep/16