Hong Kong: Labor cost

* indicates monthly or quarterly data series
 Hong Kong

Labor cost index

 Latest value 265.8
 Reference Q3 2023
 Measure index points
 Data availability Q1 2004 - Q3 2023
 Average 197.35
 Min - Max 144.8 - 265.8
 Source Census and Statistics Department Hong Kong
For that indicator, we provide data for Hong Kong from Q1 2004 to Q3 2023. The average value for Hong Kong during that period was 197.35 index points with a minimum of 144.8 index points in Q3 2004 and a maximum of 265.8 index points in Q3 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series


Recent values chart
Hong Kong - Labor cost - recent values

Historical chart
Hong Kong - Labor cost - historical chart - 2004-2023
Measure: index points
Source: Census and Statistics Department Hong Kong


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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.

 Related indicators Latest value Reference Measure
 Labor force 3.81 2022 million people
 Unemployment rate 5.06 2022 percent
 Female unemployment 4.11 2022 percent
 Male unemployment 6.00 2022 percent
 Youth unemployment 12.96 2022 percent
 Labor force participation 59.04 2022 percent
 Labor force: percent female 49.89 2022 percent
 Female labor force participation 53.82 2022 percent
 Male labor force participation 65.34 2022 percent
 Employment 3.72 9/2023 million employed people
 Unemployment rate 3.00 9/2023 percent
 Labor cost 265.80 Q3/2023 index points
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