New Zealand's annual wage inflation, as measured by the labor cost index, increased to 2.1 percent in the second quarter of 2019 from 2.0 percent in the prior period. Public sector wages advanced 2.2 percent, higher than a 1.9 percent gain in the previous quarter; and private sector wages rose 2.2 percent, up from 2.0 percent in the previous quarter. On a quarterly basis, wages increased by 0.7 percent, up from a 0.4 percent rise in the previous period. Labour Costs in New Zealand averaged 920.75 Index Points from 1992 until 2019, reaching an all time high of 1192 Index Points in the second quarter of 2019 and a record low of 698 Index Points in the fourth quarter of 1992.

New Zealand Labour Costs
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 10:45 PM Labour Costs Index YoY Q1 2.0% 1.9% 2.1% 1.8%
2019-04-30 10:45 PM Labour Costs Index QoQ Q1 0.4% 0.5% 0.5% 0.4%
2019-08-05 10:45 PM Labour Costs Index YoY Q2 2.1% 2.0% 2.1% 2.1%
2019-08-05 10:45 PM Labour Costs Index QoQ Q2 0.7% 0.4% 0.7% 0.5%
2019-11-05 09:45 PM Labour Costs Index YoY Q3 2.1%
2019-11-05 09:45 PM Labour Costs Index QoQ Q3 0.7%


New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.20 11.20 3.30 percent [+]
Employed Persons 2680.00 2658.00 2680.00 1499.00 Thousand [+]
Unemployed Persons 109.00 115.00 189.00 69.00 Thousand [+]
Employment Change 0.80 -0.20 2.60 -1.80 percent [+]
Labor Force Participation Rate 70.40 70.40 71.00 63.00 percent [+]
Labour Costs 1192.00 1184.00 1192.00 698.00 Index Points [+]
Productivity 124.27 123.02 126.86 86.54 Index Points [+]
Job Vacancies 200.05 200.67 207.35 55.20 Index Points [+]
Wages 32.42 32.04 32.42 13.07 NZD/Hour [+]
Wages in Manufacturing 30.68 30.64 30.68 12.44 NZD/Hour [+]
Minimum Wages 17.70 16.50 17.70 10.25 NZD/Hour [+]
Population 4.93 4.84 4.93 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 [+]
Youth Unemployment Rate 10.30 13.10 15.30 10.20 percent [+]
Part Time Employment 537.00 527.00 554.00 264.00 Thousand [+]
Employment Rate 67.70 67.50 68.20 56.40 percent [+]
Full Time Employment 2147.00 2130.00 2147.00 1177.00 Thousand [+]


New Zealand Labour Costs

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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1192.00 1184.00 1192.00 698.00 1992 - 2019 Index Points Quarterly
2009Q2=1000, NSA




Country Last Previous
Australia 103.80 Mar/19
Brazil 101.89 Jun/19
Canada 108.49 Mar/19
China 104.30 Jun/19
Euro Area 99.60 Mar/19
France 107.50 Mar/19
Germany 116.69 Mar/19
Italy 111.20 Mar/19
Mexico 94.90 Jun/19
Netherlands 105.20 Mar/19
Singapore 99.50 Jun/19
South Africa 156.20 Dec/18
South Korea 129.90 Mar/19
Spain 100.40 Mar/19
Turkey 188.85 Mar/19
United Kingdom 105.50 Mar/19
United States 111.89 Jun/19


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