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

New Zealand's annual wage inflation, as measured by the labour cost index, was steady at 1.6 percent in the fourth quarter of 2016, the same as in the previous period. Private sector wages rose by 1.6 percent while public sector wages went up by 1.8 percent. On a quarterly basis, wages increased by 0.4 percent. 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)
2016-11-01 09:45 PM Q3 0.4% 0.4% 0.4% 0.3%
2017-01-31 09:45 PM Q4 0.4% 0.4% 0.5%
2017-01-31 09:45 PM Q4 1.6% 1.6%
2017-05-02 10:45 PM Q1 0.4%
2017-05-02 10:45 PM Q1 1.6%
2017-08-02 10:45 PM Q2




New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 4.90 11.20 3.30 percent [+]
Employed Persons 2510.00 2494.00 2510.00 1499.00 Thousand [+]
Unemployed Persons 139.00 128.00 189.00 69.00 Thousand [+]
Employment Change 0.80 1.40 2.40 -1.80 percent [+]
Labor Force Participation Rate 70.50 70.10 70.50 63.00 percent [+]
Labour Costs 1137.00 1132.00 1137.00 699.62 Index Points [+]
Productivity 166.55 167.96 171.61 117.96 Index Points [+]
Job Vacancies 153.10 149.10 153.10 55.20 Index Points [+]
Job Advertisements 41914.34 41216.40 41914.34 14139.40 [+]
Wages 29.80 29.84 29.84 13.07 NZD/Hour [+]
Wages in Manufacturing 28.71 28.67 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 528.00 542.00 542.00 264.00 Thousand [+]
Youth Unemployment Rate 13.60 11.20 15.30 10.30 percent [+]
Full Time Employment 1981.00 1950.00 1981.00 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1137.00 1132.00 1137.00 699.62 1992 - 2016 Index Points Quarterly
NSA, 2009Q2=1000



Last
Australia 99.30 Dec/16
Austria 111.30 Dec/16
Belgium 108.30 Dec/16
Brazil 140.21 Mar/17
Bulgaria 113.96 Dec/16
Canada 116.36 Dec/16
China 103.60 Mar/17
Croatia 88.70 Dec/16
Cyprus 105.11 Dec/16
Czech Republic 110.39 Dec/16
Denmark 107.22 Dec/16
Estonia 122.25 Dec/16
Euro Area 112.20 Dec/16
European Union 111.50 Dec/16
Finland 111.08 Dec/16
France 107.10 Dec/16
Germany 111.17 Dec/16
Greece 95.10 Dec/16
Hong Kong 134.60 Sep/16
Hungary 113.40 Dec/16
Ireland 81.10 Dec/16
Italy 105.44 Dec/16
Latvia 125.26 Sep/16
Lithuania 129.70 Dec/16
Luxembourg 118.95 Jan/17
Malta 105.19 Dec/16
Mauritius 130.10 Dec/15
Mexico 70.90 Feb/17
Netherlands 103.90 Dec/16
New Zealand 1137.00 Dec/16
Norway 115.30 Dec/16
Poland 106.50 Sep/16
Portugal 102.10 Dec/16
Romania 87.50 Dec/16
Serbia 108.04 Dec/16
Singapore 118.80 Dec/16
Slovakia 113.00 Dec/16
Slovenia 107.10 Dec/16
South Africa 139.90 Sep/16
South Korea 138.70 Sep/16
Spain 104.30 Dec/16
Sweden 126.00 Dec/16
Taiwan 211.37 Jan/17
Thailand 102.66 Sep/16
Turkey 210.46 Dec/16
United Kingdom 102.60 Dec/16
United States 111.21 Dec/16