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.

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New Zealand Wage Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-11-01 09:45 PM Q3 3.8% 3.4% 3.9%
2023-01-31 09:45 PM Q4 4.3% 3.8% 4.3% 4.2%
2023-05-02 10:45 PM Q1 4.3% 4.2%

New Zealand Wage Growth
In New Zealand, the labor cost index measures changes in salary and wage rates for a fixed quantity and quality of labor input.
Actual Previous Highest Lowest Dates Unit Frequency
4.30 3.80 4.30 1.20 1993 - 2022 percent Monthly
NSA

News Stream
New Zealand Labour Costs Accelerate
New Zealand's annual wage inflation, as measured by the labor cost index in the private sector, grew by 3.7 percent in the third quarter of 2022, quickening from a 3.4 percent rise in the prior period.
2022-11-02
New Zealand Wages Rise the Most since 2008
New Zealand's annual wage inflation, as measured by the labor cost index, rose by 3.4 percent in the second quarter of 2022, quickening from a 3 percent rise in the prior period. It was the steepest increase in wages since late-2008, as public sector wages advanced 3 percent, up from a 2.7 percent gain in the previous quarter and private-sector wages rose 3.4 percent, accelerating from 3.1 percent. On a quarterly basis, wages increased 1.1 percent, following a 0.8 percent increase in the previous quarter.
2022-08-02
New Zealand Salary Growth Accelerates
New Zealand's annual wage inflation, as measured by the labor cost index, rose by 3 percent in the first quarter of 2022, accelerating from a downwardly revised 2.6 percent increase in the prior period. Public sector wages advanced 2.7 percent, up from a 2.3 percent gain in the previous quarter while private-sector wages rose 3.1 percent, quickening from 2.8 percent. On a quarterly basis, wages increased 0.8 percent, following a downwardly revised 0.6 percent rise in the prior period.
2022-05-03