Labor cost index in Hong Kong, Q1 2004 - Q1 2022:
For that indicator, we provide data for Hong Kong from Q1 2004 to Q1 2022. The average value for Hong Kong during that period was 127.4 index points with a minimum of 86.5 index points in Q3 2004 and a maximum of 178.4 index points in Q1 2022.
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Longer historical series
* indicates monthly or quarterly data series
Measure: index points
Source: Census and Statistics Department Hong Kong
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.