Labour Costs in Thailand increased to 97.14 Index Points in the second quarter of 2019 from 93.69 Index Points in the first quarter of 2019. Labour Costs in Thailand averaged 98.67 Index Points from 2001 until 2019, reaching an all time high of 110.42 Index Points in the second quarter of 2012 and a record low of 88.61 Index Points in the first quarter of 2018. source: Bank of Thailand

Labour Costs in Thailand is expected to be 83.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Thailand to stand at 83.00 in 12 months time. In the long-term, the Thailand Unit Labour Cost is projected to trend around 81.00 Index Points in 2020, according to our econometric models.

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Thailand Unit Labour Cost

Actual Previous Highest Lowest Dates Unit Frequency
97.14 93.69 110.42 88.61 2001 - 2019 points Quarterly
2013=100

Thailand Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.10 0.90 5.73 0.39 percent [+]
Employed Persons 37712.20 36997.40 39973.11 30376.71 Thousand [+]
Unemployed Persons 429.30 354.70 1923.25 157.58 Thousand [+]
Job Vacancies 21224.00 18351.00 115636.00 12620.00 [+]
Wages 14334.21 14353.55 14353.55 6344.00 THB/Month [+]
Wages in Manufacturing 13290.80 13080.00 13290.80 5516.00 THB/Month [+]
Minimum Wages 325.00 305.00 325.00 12.00 THB/Day [+]
Population 66.41 66.19 66.41 27.36 Million [+]
Youth Unemployment Rate 5.40 5.30 7.00 2.50 percent [+]
Labour Costs 97.14 93.69 110.42 88.61 points [+]
Productivity 118.17 119.90 141.30 92.90 points [+]