Labor cost index in Australia, Q3 1997 - Q2 2021
For that indicator, we provide data for Australia from Q3 1997 to Q2 2021. The average value for Australia during that period was 101.4 index points with a minimum of 66.6 index points in Q3 1997 and a maximum of 136.7 index points in Q2 2021.
Click on the following link to see the values of Labor cost index
around the world.
Longer historical series
* indicates monthly or quarterly data series
Measure: index points
Source: Australian Bureau of Statistics
Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.