Taiwan: Labor cost
* indicates monthly or quarterly data series
| Taiwan |
Labor cost index |
|---|---|
| Latest value | 116.04 |
| Reference | September 2023 |
| Measure | index points |
| Data availability | January 1980 - September 2023 |
| Average | 75.73 |
| Min - Max | 17.81 - 116.46 |
| Source | National Statistics, Republic of China (Taiwan) |
For that indicator, we provide data for Taiwan from January 1980 to September 2023. The average value for Taiwan during that period was 75.73 index points with a minimum of 17.81 index points in January 1980 and a maximum of 116.46 index points in August 2023.
Click on the following link to see the values of Labor cost index around the world.
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Measure: index points
Source: National Statistics, Republic of China (Taiwan)
Source: National Statistics, Republic of China (Taiwan)
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 value | Reference | Measure |
|---|---|---|---|
| Employment | 11.54 | 9/2023 | million employed people |
| Unemployment rate | 3.48 | 9/2023 | percent |
| Labor cost | 116.04 | 9/2023 | index points |