Labour Costs in South Africa decreased to 160.50 points in the third quarter of 2019 from 161.10 points in the second quarter of 2019.

Labour Costs in South Africa averaged 47.35 points from 1970 until 2019, reaching an all time high of 161.10 points in the second quarter of 2019 and a record low of 1 points in the first quarter of 1970. This page provides the latest reported value for - South Africa Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Labour Costs - values, historical data and charts - was last updated on July of 2020. source: South African Reserve Bank

Labour Costs in South Africa is expected to be 158.76 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in South Africa to stand at 162.00 in 12 months time. In the long-term, the South Africa Labour Costs is projected to trend around 168.43 points in 2021 and 174.77 points in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
South Africa Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
160.50 161.10 161.10 1.00 1970 - 2019 points Quarterly
SA, 2010=100

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 30.10 29.10 30.40 21.50 percent [+]
Employed Persons 10213000.00 10142000.00 10213000.00 3694977.00 [+]
Unemployed Persons 7069.65 6726.13 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 60.30 59.80 60.80 53.60 percent [+]
Labour Costs 160.50 161.10 161.10 1.00 points [+]
Wages 22500.00 21966.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19377.00 19122.00 19377.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 17.46 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 59.00 58.10 59.00 48.80 percent [+]
Employment Rate 42.40 42.40 46.17 41.00 percent [+]