Labour Costs in South Africa decreased to 162.20 points in the third quarter of 2020 from 177.40 points in the second quarter of 2020. source: South African Reserve Bank

Labour Costs in South Africa averaged 49.68 points from 1970 until 2020, reaching an all time high of 177.40 points in the second quarter of 2020 and a record low of 1 points in the first quarter of 1970. This page provides the latest reported value for - South Africa Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Labour Costs - values, historical data and charts - was last updated on May of 2021.

Labour Costs in South Africa is expected to be 158.76 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in South Africa to stand at 162.00 in 12 months time. In the long-term, the South Africa Labour Costs is projected to trend around 168.43 points in 2022 and 174.77 points in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Africa Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
162.20 177.40 177.40 1.00 1970 - 2020 points Quarterly
SA, 2010=100

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 32.50 30.80 32.50 21.50 percent [+]
Employed Persons 15023.55 14690.87 16528.70 11666.00 [+]
Unemployed Persons 7233.00 6533.00 7233.00 3873.00 Thousand [+]
Labor Force Participation Rate 56.60 54.20 60.80 47.30 percent [+]
Labour Costs 162.20 177.40 177.40 1.00 points [+]
Wages 23133.00 22579.00 23133.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19788.00 18857.00 19788.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 17.46 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]
Employment Rate 38.20 37.51 46.17 36.26 percent [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 61.30 52.30 61.30 48.80 percent [+]