Wages in New Zealand increased 4.30 percent in December of 2022 over the same month in the previous year. It was the biggest annual growth recorded. source: Statistics New Zealand
Wage Growth in New Zealand averaged 2.09 percent from 1993 until 2022, reaching an all time high of 4.30 percent in December of 2022 and a record low of 1.20 percent in December of 1993. This page includes a chart with historical data for New Zealand Wage Growth. New Zealand Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Wage Growth in New Zealand is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Wage Growth is projected to trend around 2.70 percent in 2024 and 2.20 percent in 2025, according to our econometric models.