South Korea Labor Productivity & Unit Labor Cost Index (Quarterly)
Quarterly Labor Productivity Index (Industrial Production Basis and Value-Added Basis), Hourly Nominal Wage Index, and Unit Labor Cost Index (2020=100) across Non-Agricultural All Industries, Manufacturing, Construction, and Services, compiled by the Korea Productivity Center (KPC) and MOEL.
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| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Labor Productivity Index (Industrial Production Basis)1 | ||||||||||||||
| Labor Productivity (Production Basis): Non-Agricultural Total3 | 113.7 | 113.9 | 116.5 | 107 | 112.9 | 112.8 | 114.1 | 107.9 | 112.1 | 108.7 | 114.7 | 107.6 | 108.2 | |
| Labor Productivity (Production Basis): Manufacturing | 120.8 | 118.8 | 119.8 | 115.8 | 118.8 | 116 | 117.2 | 112.5 | 114.9 | 108.6 | 114.2 | 108.6 | 107.3 | |
| Labor Productivity (Production Basis): Construction | 80.3 | 76.6 | 88.6 | 77.6 | 85.5 | 81.6 | 95.7 | 87.1 | 98.3 | 95.5 | 106 | 95.5 | 103.1 | |
| Labor Productivity (Production Basis): Services | 116.4 | 116.9 | 119.8 | 107.5 | 114.6 | 115.1 | 116 | 109.9 | 113.9 | 111 | 117.1 | 110.1 | 111.4 | |
| Value-Added Labor Productivity Index1 | ||||||||||||||
| Value-Added Labor Productivity: Non-Agricultural Total2 | 112 | 111.8 | 116.8 | 106.4 | 110.3 | 109.9 | 112.6 | 109.2 | 109.9 | 106.2 | 113.6 | 107.6 | 105.8 | |
| Value-Added Labor Productivity: Manufacturing | 130.3 | 123.1 | 129.6 | 121.1 | 122.7 | 115.5 | 121.4 | 122.4 | 119.9 | 110.8 | 120.2 | 116 | 111 | |
| Value-Added Labor Productivity: Services | 108.5 | 112.3 | 115.1 | 104 | 107.9 | 111.6 | 111.2 | 107.2 | 107.7 | 107.6 | 112.1 | 106.2 | 105.5 | |
| Unit Labor Cost & Hourly Nominal Wage Indices2 | ||||||||||||||
| Unit Labor Cost Index: Non-Agricultural Total2 | 119.5 | 139.9 | 129.3 | 117.8 | 117.9 | 136.2 | 120.4 | 122.3 | 114.6 | 125.4 | 117.6 | 117.3 | 108.7 | |
| Unit Labor Cost Index: Manufacturing | 116.8 | 149.9 | 132.6 | 117.9 | 114.1 | 140.2 | 121.7 | 124.2 | 111.5 | 125.1 | 117.5 | 118.1 | 104.8 | |
| Unit Labor Cost Index: Services | 120.53 | 136.75 | 128.33 | 117.46 | 118.87 | 134.54 | 119.8 | 122.11 | 115.5 | 125.45 | 117.49 | 116.79 | 109.63 | |
| Hourly Nominal Wage Index: Non-Agricultural Total1 | 105.1 | 122.7 | 111 | 110.1 | 104.5 | 120.8 | 105.5 | 113.3 | 102.2 | 115.4 | 102.6 | 108.9 | 100.5 | |
| Hourly Nominal Wage Index: Manufacturing | 96.7 | 126.2 | 110.7 | 101.8 | 96 | 120.9 | 103.9 | 110.4 | 97.1 | 115.2 | 102.9 | 108.8 | 97.7 |
Latest reading
The series on this page is quarterly and runs from Q1 2011 to Q2 2026.
About this data
Quarterly Labor Productivity Index (Industrial Production Basis and Value-Added Basis), Hourly Nominal Wage Index, and Unit Labor Cost Index (2020=100) across Non-Agricultural All Industries, Manufacturing, Construction, and Services, compiled by the Korea Productivity Center (KPC) and MOEL.
Frequently asked questions
- What is the latest figure for South Korea Labor Productivity & Unit Labor Cost Index (Quarterly)?
- The latest reading is 113.7, for Q2 2026. That is −0.2% from Q1 2026 and +0.7% from a year earlier.
- How far back does the South Korea Labor Productivity & Unit Labor Cost Index (Quarterly) data go?
- The series on this page is quarterly and runs from Q1 2011 to Q2 2026. Every series in the table can be charted over its full history and downloaded as CSV or Excel.