New Zealand: Labor cost

* indicates monthly or quarterly data series
The most recent value is 1422 index points as of Q1 2025, an increase compared to the previous value of 1415 index points. Historically, the average for New Zealand from Q4 1992 to Q1 2025 is 988.24 index points. The minimum of 699.62 index points was recorded in Q4 1992, while the maximum of 1422 index points was reached in Q1 2025. Click on the following link to see the values of: Labor cost around the world.
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* indicates monthly or quarterly data series

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Recent values New Zealand: Labor cost index
2025  Q1 1422
2024  Q4 1415
2024  Q3 1407
2024  Q2 1398
2024  Q1 1382
2023  Q4 1370
2023  Q3 1356
2023  Q2 1341


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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 Reference Measure
 Labor force 3.07 2023 million people
 Unemployment rate 3.74 2023 percent
 Female unemployment 3.96 2023 percent
 Male unemployment 3.53 2023 percent
 Youth unemployment 10.72 2023 percent
 Labor force participation 72.09 2023 percent
 Labor force: percent female 47.61 2023 percent
 Female labor force participation 67.57 2023 percent
 Male labor force participation 76.76 2023 percent
 Hours worked 1,751.23 2023 hours
 Self-employment 23.09 2022 percent
 Employment 2.91 Q1/2025 million employed people
 Unemployment rate 5.10 3/2025 percent
 Labor cost 1,422.00 Q1/2025 index points
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