Labour Costs in Thailand decreased to 89.06 points in the fourth quarter of 2019 from 93.60 points in the third quarter of 2019.

Labour Costs in Thailand averaged 98.48 points from 2001 until 2019, reaching an all time high of 110.42 points in the second quarter of 2012 and a record low of 88.61 points in the first quarter of 2018. This page provides - Thailand Labour Costs- actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Unit Labour Cost - values, historical data and charts - was last updated on July of 2020. source: Bank of Thailand

Labour Costs in Thailand is expected to be 83.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Thailand to stand at 81.00 in 12 months time. In the long-term, the Thailand Unit Labour Cost is projected to trend around 81.00 points in 2021, according to our econometric models.

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Thailand Unit Labour Cost

Actual Previous Highest Lowest Dates Unit Frequency
89.06 93.60 110.42 88.61 2001 - 2019 points Quarterly
2013=100

Thailand Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.00 1.10 5.73 0.39 percent [+]
Employed Persons 37331.80 37628.80 39973.11 30376.71 Thousand [+]
Unemployed Persons 439.30 419.50 1923.25 157.58 Thousand [+]
Job Vacancies 28489.00 42260.00 115636.00 12620.00 [+]
Wages 14392.15 14238.13 14392.15 6344.00 THB/Month [+]
Wages in Manufacturing 13350.40 13290.80 13350.40 5516.00 THB/Month [+]
Minimum Wages 331.00 325.00 331.00 12.00 THB/Day [+]
Population 66.56 66.41 66.56 27.36 Million [+]
Youth Unemployment Rate 5.40 5.40 7.00 2.50 percent [+]
Labour Costs 89.06 93.60 110.42 88.61 points [+]
Productivity 126.33 126.86 141.30 92.90 points [+]