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 | 5.38 % | |
| Data | 2021 Q1 | 131.2 |
| 2020 Q4 | 124.5 | |
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 | 3/31/2021 |
Hong Kong SAR (China): Labor
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Labor Force | Aug 2021 | 3,839 | 3,848 | Ths. # 3-mo MA, NSA | Monthly |
| Labor Force Employment | Aug 2021 | 3,651 | 3,650 | Ths. # 3-mo MA, NSA | Monthly |
| Unemployment | Aug 2021 | 187.7 | 198.4 | Ths. # 3-mo MA, NSA | Monthly |
| Unemployment Rate | Aug 2021 | 4.7 | 5 | % 3-mo. MA, SA | Monthly |
| Real Wages & Salaries | 2021 Q1 | 131.2 | 124.5 | Index 1999Q1=100, NSA | Quarterly |
| Wage & Salaries | 2021 Q1 | 177 | 165.9 | Index 1999Q1=100, NSA | Quarterly |
Release Information
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.
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 classificatin 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.
Data is revised when new data becomes available each month.
