Labor cost index in New Zealand, Q4 1992 - Q2 2021
For that indicator, we provide data for New Zealand from Q4 1992 to Q2 2021. The average value for New Zealand during that period was 942.3 index points with a minimum of 699.62 index points in Q4 1992 and a maximum of 1244 index points in Q2 2021.
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Longer historical series
* indicates monthly or quarterly data 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.