Labor cost index in Thailand, September, 2020
For that indicator, we provide data for Thailand from Q1 2013 to Q3 2020. The average value for Thailand during that period was 111.27 index points with a minimum of 98.26 index points in Q2 2013 and a maximum of 133.86 index points in Q2 2020.
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around the world.
* indicates monthly or quarterly data series
Measure: index points
Source: Bank of Thailand
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.