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.
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Measure: index points
Source: Statistics New Zealand
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.