Labour Costs in South Korea decreased to 96.50 Index Points in the second quarter of 2018 from 127.70 Index Points in the first quarter of 2018. Labour Costs in South Korea averaged 115.40 Index Points from 2008 until 2018, reaching an all time high of 149.40 Index Points in the first quarter of 2016 and a record low of 91.30 Index Points in the second quarter of 2011.

Labour Costs in South Korea is expected to be 137.00 Index 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 Korea to stand at 118.55 in 12 months time. In the long-term, the South Korea Labour Costs is projected to trend around 142.00 Index Points in 2020, according to our econometric models.

South Korea Labour Costs
width
height
Forecast Data Chart
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.


South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.90 7.10 3.00 percent [+]
Employed Persons 26966.00 26837.00 26966.00 20268.00 Thousand [+]
Unemployed Persons 1064.00 1100.00 1546.00 691.00 Thousand [+]
Labor Force Participation Rate 63.40 63.40 63.90 48.50 percent [+]
Labour Costs 96.50 127.70 149.40 91.30 Index Points [+]
Productivity 109.20 105.60 109.70 53.50 Index Points [+]
Wages 3737254.00 3457189.00 3917383.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4067903.00 3692181.00 4562783.00 2520139.00 KRW/Month [+]
Minimum Wages 7530.00 6470.00 7530.00 600.00 KRW/Hour [+]
Population 51.45 51.25 51.45 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 8.10 8.50 13.40 3.80 percent [+]
Employment Rate 61.40 61.20 61.60 56.10 percent [+]


South Korea Labour Costs

This page provides - South Korea Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Labour Costs - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
96.50 127.70 149.40 91.30 2008 - 2018 Index Points Quarterly
NSA, 2010=100




Country Last Previous
Australia 102.20 Sep/18
Brazil 119.16 Oct/18
Canada 105.63 Sep/18
China 104.80 Sep/18
Euro Area 106.40 Sep/18
France 108.20 Sep/18
Germany 115.29 Sep/18
Italy 107.00 Jun/18
Mexico 82.30 Sep/18
Netherlands 115.30 Jun/18
Singapore 108.30 Sep/18
South Africa 150.80 Mar/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 166.66 Sep/18
United Kingdom 103.90 Jun/18
United States 109.05 Sep/18


Related

Latest