Taiwan: Labor cost

* indicates monthly or quarterly data series

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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* indicates monthly or quarterly data series

Recent values chart
Taiwan - Labor cost - recent values

Historical chart
Taiwan - Labor cost - historical chart - 1980-2023
Measure: index points
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
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