Wages in New Zealand increased to 33.37 NZD/Hour in the second quarter of 2020 from 33.20 NZD/Hour in the first quarter of 2020.

Wages in New Zealand averaged 21.73 NZD/Hour from 1989 until 2020, reaching an all time high of 33.37 NZD/Hour in the second quarter of 2020 and a record low of 13.07 NZD/Hour in the first quarter of 1989. This page provides - New Zealand Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Average Hourly Wages - values, historical data and charts - was last updated on August of 2020. source: Statistics New Zealand

Wages in New Zealand is expected to be 31.93 NZD/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in New Zealand to stand at 32.35 in 12 months time. In the long-term, the New Zealand Average Hourly Wages is projected to trend around 33.06 NZD/Hour in 2021 and 33.72 NZD/Hour in 2022, according to our econometric models.

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New Zealand Average Hourly Wages

Actual Previous Highest Lowest Dates Unit Frequency
33.37 33.20 33.37 13.07 1989 - 2020 NZD/Hour Quarterly
Current prices, NSA

New Zealand Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.00 4.20 11.20 3.30 percent [+]
Employed Persons 2665.00 2661.00 2665.00 1499.00 Thousand [+]
Unemployed Persons 111.00 116.00 189.00 69.00 Thousand [+]
Employment Change -0.40 1.00 2.50 -1.80 percent [+]
Labor Force Participation Rate 69.70 70.50 70.90 63.00 percent [+]
Labour Costs 1218.00 1215.00 1218.00 699.62 points [+]
Productivity 125.77 127.91 128.24 86.54 points [+]
Job Vacancies 102.84 171.86 196.57 55.20 points [+]
Wages 33.37 33.20 33.37 13.07 NZD/Hour [+]
Wages in Manufacturing 31.34 31.23 31.34 12.44 NZD/Hour [+]
Minimum Wages 18.90 17.70 18.90 10.25 NZD/Hour [+]
Population 4.95 4.88 4.95 2.37 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Full Time Employment 2131.00 2130.00 2147.00 1177.00 Thousand [+]
Part Time Employment 530.00 519.00 555.00 264.00 Thousand [+]
Employment Rate 67.50 67.30 68.00 56.40 percent [+]
Youth Unemployment Rate 14.00 11.70 15.30 10.30 percent [+]


New Zealand Average Hourly Wages
In New Zealand, wages are benchmarked using average hourly earnings.