Taiwan: Labor cost
* indicates monthly or quarterly data series
The most recent value is 108.36 index points as of September 2024, a decline compared to the previous value of 108.57 index points. Historically, the average for Taiwan from January 1980 to September 2024 is 69.8 index points. The minimum of 16.22 index points was recorded in January 1980, while the maximum of 108.57 index points was reached in August 2024.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: National Statistics, Republic of China (Taiwan)
| Recent values | Taiwan: Labor cost index |
|---|---|
| 2024 Sep | 108.36 |
| 2024 Aug | 108.57 |
| 2024 Jul | 108.13 |
| 2024 Jun | 107.97 |
| 2024 May | 107.93 |
| 2024 Apr | 107.59 |
| 2024 Mar | 107.03 |
| 2024 Feb | 106.66 |
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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 |
|---|---|---|---|
| Employment | 11.60 | 9/2024 | million employed people |
| Unemployment rate | 3.43 | 9/2024 | percent |
| Labor cost | 108.36 | 9/2024 | index points |