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Wage Rate Index – First Quarter 2021
(Base: fourth quarter 2016=100)
The wage rate index decreased by 0.2% or 0.2 point to reach 114.4 in first quarter 2021 from 114.6 in fourth quarter 2020. Compared to first quarter 2020, it decreased by 0.3% or 0.4 point.
2. Main changes registered in the sub-indices from fourth quarter 2020 to first quarter 2021 are:
Water supply; sewerage, waste management and remediation activities
Agriculture, forestry and fishing
Administrative and support service activities
Public administration and defence; compulsory social security
The wage rate index for the general government sector, which accounts for around 34% of the total weight of the wage rate index, increased by 2.1% or 0.8 point from 110.3 in fourth quarter 2020 to 112.6 in first quarter 2021. Compared to first quarter 2020, an increase of 2.1% or 0.8 point is noted.
The index for the public sector, which comprises general government and public enterprises and accounting for around 46% of the wage rate index, increased by 1.6% or 1.8 points from 110.0 in fourth quarter 2020 to 112.8 in first quarter 2021. Compared to first quarter 2020, the first quarter 2021 index decreased by 0.5% or 0.6 point.
The index for the private sector, which accounts for around 54% of the total weight of the wage rate index, decreased by 1.6% or 1.9 points from 117.6 in fourth quarter 2020 to 115.7 in first quarter 2021. Compared to first quarter 2020, the index decreased by 0.5% or 0.4 point.
Ministry of Finance, Economic Planning and Development
25 June 2021