Unit labor cost growth (quarterly, year-on-year)
OECDPeriod 2016-Q1~2025-Q4Retrieved 2026-11-09
How many percent the labor cost of producing the same output rose from a year earlier.
2016-Q1: 1.24% → 2025-Q4: 2.92% (up 1.68 pp). Highest: 2022-Q1 (6.78%).
Tap a point or bar in a chart, a map tile or a table row to see the figure and a plain explanation here.
| Quarter | Unit labor cost growth (quarterly, year-on-year) |
|---|---|
| 2016-Q1 | 1.2433 |
| 2016-Q2 | -0.6174 |
| 2016-Q3 | 1.6078 |
| 2016-Q4 | 2.3624 |
| 2017-Q1 | -0.5911 |
| 2017-Q2 | 1.6426 |
| 2017-Q3 | -0.5856 |
| 2017-Q4 | -0.7987 |
| 2018-Q1 | 4.0253 |
| 2018-Q2 | 0.4114 |
| 2018-Q3 | 1.569 |
| 2018-Q4 | 0.3311 |
| 2019-Q1 | 0.4774 |
| 2019-Q2 | 1.5051 |
| 2019-Q3 | 1.6946 |
| 2019-Q4 | 1.5142 |
| 2020-Q1 | -1.3174 |
| 2020-Q2 | 2.0612 |
| 2020-Q3 | 0.1371 |
| 2020-Q4 | 0.1342 |
| 2021-Q1 | 0.0054 |
| 2021-Q2 | -0.7195 |
| 2021-Q3 | 2.3466 |
| 2021-Q4 | 2.8609 |
| 2022-Q1 | 6.7779 |
| 2022-Q2 | 3.3811 |
| 2022-Q3 | 2.6975 |
| 2022-Q4 | 4.0465 |
| 2023-Q1 | 1.1744 |
| 2023-Q2 | 2.5887 |
| 2023-Q3 | 1.8709 |
| 2023-Q4 | 0.1763 |
| 2024-Q1 | -1.7801 |
| 2024-Q2 | 0.3439 |
| 2024-Q3 | 1.6808 |
| 2024-Q4 | 1.2524 |
| 2025-Q1 | 4.4065 |
| 2025-Q2 | 1.8503 |
| 2025-Q3 | -1.4231 |
| 2025-Q4 | 2.9196 |
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Reference (APA 7th)
OECD. (2026). Key short-term economic indicators: Korea [Data set]. OECD Data Explorer. Retrieved November 9, 2026, from https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_KEI%40DF_KEI&df[ag]=OECD.SDD.STES
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