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.