Thailand: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 115.71
 Reference Q4 2023
 Measure index points
 Data availability Q1 2013 - Q4 2023
 Average 111
 Min - Max 98.08 - 127.25
 Source Bank of Thailand
For that indicator, we provide data for Thailand from Q1 2013 to Q4 2023. The average value for Thailand during that period was 111 index points with a minimum of 98.08 index points in Q2 2013 and a maximum of 127.25 index points in Q2 2020. 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
Thailand - Labor cost - recent values

Historical chart
Thailand - Labor cost - historical chart - 2013-2023
Measure: index points
Source: Bank of Thailand

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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 value Reference Measure
 Labor force 40.24 2022 million people
 Unemployment rate 0.94 2022 percent
 Female unemployment 0.90 2022 percent
 Male unemployment 0.83 2022 percent
 Youth unemployment 5.52 2023 percent
 Labor force participation 67.05 2023 percent
 Labor force: percent female 45.94 2022 percent
 Female labor force participation 59.18 2023 percent
 Male labor force participation 75.58 2023 percent
 Self-employment 52.04 2022 percent
 Informal employment 64.40 2018 percent
 Employment 39.90 Q3/2023 million employed people
 Unemployment rate 0.85 Q3/2023 percent
 Labor cost 117.90 Q3/2023 index points
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