New Zealand: Labor cost

* indicates monthly or quarterly data series
 New Zealand

Labor cost index

 Latest value 1286
 Reference Q2 2022
 Measure index points
 Source Statistics New Zealand

For that indicator, we provide data for New Zealand from Q4 1992 to Q2 2022. The average value for New Zealand during that period was 953.27 index points with a minimum of 699.62 index points in Q4 1992 and a maximum of 1286 index points in Q2 2022. 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

Longer historical series
Measure: index points
Source: Statistics New Zealand

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.
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