Labour Costs in Thailand increased to 106.54 points in the second quarter of 2020 from 96.82 points in the first quarter of 2020. source: Bank of Thailand

Labour Costs in Thailand averaged 98.56 points from 2001 until 2020, 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 February of 2021.

Labour Costs in Thailand is expected to be 81.00 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
106.54 96.82 110.42 88.61 2001 - 2020 points Quarterly
2013=100

Thailand Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.50 2.00 5.73 0.39 percent [+]
Employed Persons 38761.58 38268.78 39973.11 30376.71 Thousand [+]
Unemployed Persons 589.66 783.76 1923.25 157.58 Thousand [+]
Job Vacancies 32894.00 32958.00 461642.00 12620.00 [+]
Wages 14670.40 14317.63 14670.40 6344.00 THB/Month [+]
Wages in Manufacturing 13316.60 13462.30 13462.30 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 8.00 9.80 9.80 2.50 percent [+]
Labour Costs 106.54 96.82 110.42 88.61 points [+]
Productivity 109.40 106.79 141.30 92.90 points [+]