New Zealand

Labor Cost Index

1300
Jun 94Mar 96Dec 97Sep 99Jun 01Mar 03Dec 04Sep 06Jun 08Mar 10Dec 11Sep 13Jun 15Mar 17Dec 18Sep 20Sep 220.000350.00700.001.05k1.40k
  • New Zealand
  • Global Median
Source: IMF

Definition of Labor Cost Index

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.

Maxinomics LogoThe World's Economic Atlas

TYPE TO BEGIN SEARCHING