Hong Kong SAR (China) - Real Wages & Salaries

Hong Kong SAR (China): Real Wages & Salaries

Mnemonic	YPEWS$.IHKG
Unit	Index 1999Q1=100, NSA
Adjustments	Not Seasonally Adjusted
	Quarterly	0.42 %
Data	2022 Q3	120.4
	2022 Q2	119.9

Series Information

Source	Census and Statistics Department Hong Kong Special Administrative Region (HKSARG)
Release	Payroll Indices
Frequency	Quarterly
Start Date	3/31/2004
End Date	9/30/2022

Hong Kong SAR (China): Labor

	Reference	Last	Previous	Units	Frequency
Labor Force	Dec 2022	3,791	3,795	Ths. # 3-mo MA, NSA	Monthly
Labor Force Employment	Dec 2022	3,665	3,657	Ths. # 3-mo MA, NSA	Monthly
Unemployment	Dec 2022	126	138.7	Ths. # 3-mo MA, NSA	Monthly
Unemployment Rate	Dec 2022	3.5	3.7	% 3-mo. MA, SA	Monthly
Real Wages & Salaries	2022 Q3	120.4	119.9	Index 1999Q1=100, NSA	Quarterly
Wage & Salaries	2022 Q3	165.7	164.4	Index 1999Q1=100, NSA	Quarterly

Release Information

Description

For Hong Kong SAR (China), nominal and real indexes of payroll by industry section.

Payroll, as a proxy for earnings, is defined to inclue (i) basic wages and salaries; (ii) guranteed bonuses and allowances such as shift allowance, attendance and efficiency bonuses, cost-of-living allowance, and food and transportation allowances; (iii) discretionary bonuses and allowances such as profit sharing bonuses; and (iv) overtime payments. However, payments in-kind are excluded.

Properties

Classification: HSIC Version 2.0
Measurement: Fixed-base index relative to 1999Q1 (Index 1991Q1=100)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Quarterly
Strat date: Unifromly 2004Q1

Methodology

The indices of payroll per person engaged for a reference quarter are compiled by comparing the monthly average payroll in respect of that quarter with that of the base period. The real index of payroll per person engaged is obtained by deflating the respective nominal index by the composite consumer price index.

The industry classification is based on Hong Kong Standard Industrial Classification Version 2.0 (HSIC 2.0).

All industries are covered except for: agriculture, forestry and fishing; construction; hawkers and retail pitches; taxis, goods vehicles, barges, lighters and stevedoring services; public administration, veterinary services, religious organisations, authors and other independent artists, domestic helpers and miscellaneous recreational and personal services.

All occupations are covered.

Revision

Yes. Data are revised when new data become available each month.