New Zealand Labour Costs  1992-2017 | 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%
2017-01-31 09:45 PM Q4 1.6%
2017-01-31 09:45 PM Q4 0.4%
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 167.96 167.02 171.61 117.96 Index Points [+]
Job Vacancies 143.90 142.10 143.90 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 15.25 14.75 15.25 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 January of 2017.

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 101.30 Sep/16
Austria 108.90 Sep/16
Belgium 108.40 Sep/16
Brazil 136.18 Nov/16
Bulgaria 126.97 Jun/16
Canada 115.82 Sep/16
China 103.30 Sep/16
Croatia 84.60 Sep/16
Cyprus 84.50 Sep/16
Czech Republic 104.73 Sep/16
Denmark 106.42 Sep/16
Estonia 121.32 Sep/16
Euro Area 102.60 Sep/16
European Union 104.60 Sep/16
Finland 112.74 Sep/16
France 106.80 Sep/16
Germany 110.47 Sep/16
Greece 79.70 Sep/16
Hong Kong 135.90 Jun/16
Hungary 107.70 Sep/16
Ireland 79.40 Sep/16
Italy 106.51 Sep/16
Latvia 125.13 Sep/16
Lithuania 125.30 Sep/16
Luxembourg 99.39 Oct/16
Malta 101.22 Sep/16
Mauritius 130.10 Dec/15
Mexico 72.60 Oct/16
Netherlands 115.50 Jun/16
New Zealand 1132.00 Sep/16
Norway 123.20 Sep/16
Poland 106.50 Sep/16
Portugal 94.00 Sep/16
Romania 91.90 Sep/16
Serbia 103.07 Sep/16
Singapore 110.90 Sep/16
Slovakia 96.90 Sep/16
Slovenia 103.20 Sep/16
South Africa 154.20 Jun/16
South Korea 138.70 Sep/16
Spain 101.90 Jun/16
Sweden 125.30 Oct/16
Taiwan 92.37 Oct/16
Thailand 102.66 Sep/16
Turkey 219.04 Sep/16
United Kingdom 102.80 Sep/16
United States 110.70 Sep/16