Labour Costs in South Africa decreased to 163.80 points in the first quarter of 2020 from 165.60 points in the fourth quarter of 2019.

Labour Costs in South Africa averaged 48.52 points from 1970 until 2020, reaching an all time high of 165.60 points in the fourth 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 October 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.

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South Africa Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
163.80 165.60 165.60 1.00 1970 - 2020 points Quarterly
SA, 2010=100

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.30 30.10 30.40 21.50 percent [+]
Employed Persons 10231000.00 10213000.00 10231000.00 3694977.00 [+]
Unemployed Persons 4294.85 7069.65 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 47.30 60.30 60.80 47.30 percent [+]
Labour Costs 163.80 165.60 165.60 1.00 points [+]
Wages 22387.00 22500.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19114.00 19377.00 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 52.30 59.00 59.00 48.80 percent [+]
Employment Rate 42.14 42.40 46.17 41.00 percent [+]