Hong Kong - Real Wages & Salaries

Hong Kong: Real Wages & Salaries

Mnemonic YPEWS$.IHKG
Unit Index 1999Q1=100, NSA
Adjustments Not Seasonally Adjusted
Quarterly 1.55 %
Data 2020 Q4 124.3
2020 Q3 122.4

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 12/31/2020

Hong Kong: Labor

Reference Last Previous Units Frequency
Labor Force Feb 2021 3,871 3,884 Ths. 3-mo. MA, NSA Monthly
Labor Force Employment Feb 2021 3,610 3,630 Ths. 3-mo. MA, NSA Monthly
Unemployment Feb 2021 261.6 253.3 Ths. 3-mo. MA, NSA Monthly
Unemployment Rate Feb 2021 7.2 7 % 3-mo. MA, SA Monthly
Real Wages & Salaries 2020 Q4 124.3 122.4 Index 1999Q1=100, NSA Quarterly
Wage & Salaries 2020 Q4 165.9 160.6 Index 1999Q1=100, NSA Quarterly
Total Employment 2018 Q3 2,871,728 2,871,540 #, 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.