Wage Rate Index – 4th Quarter and Year 2023
Highlights
(Base: fourth quarter 2021=100)
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1. The wage rate index increased by 1.8% or 2.0 points to reach 114.2 in fourth quarter 2023 from 112.2 in third quarter 2023. Compared to fourth quarter 2022, the index increased by 7.5% or 8.0 points.
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2. Main changes registered in the sub-indices from third quarter 2023 to fourth quarter 2023 are:
Financial and insurance activities
| +13.8%
|
Transportation and storage
| +2.8%
|
Accommodation and food service activities
| +2.4%
|
Wholesale and retail trade; repair of motor vehicles and motorcycles
| +1.7%
|
Manufacturing
| +1.2%
|
| |
Human health and social work activities
| -0.7%
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Public administration and defence; compulsory social security
| -0.4%
|
3. The wage rate index for the general government sector, which accounts for around 34% of the total weight of the wage rate index, decreased by 0.4% or 0.4 point from 107.0 in third quarter 2023 to 106.6 in fourth quarter 2023. Compared to fourth quarter 2022, an increase of 3.5% or 3.6 points is noted.
4. The index for the public sector, which comprises general government and public enterprises and accounting for around 46% of the total weight of the wage rate index, increased by 0.4% or 0.4 point from 108.7 in third quarter 2023 to 109.1 in fourth quarter 2023. Compared to fourth quarter 2022, the index increased by 5.0% or 5.2 points.
5. The index for the private sector, which accounts for around 54% of the total weight of the wage rate index, increased by 2.9% or 3.4 points from 115.4 in third quarter 2023 to 118.8 in fourth quarter 2023. Compared to fourth quarter 2022, it increased by 9.8% or 10.6 points.
Wage Rate Index – Year 2023
6. The wage rate index for year 2023, worked out as the average of the quarterly indices, increased by 7.2% or 7.5 points to reach 112.0 in 2023 from 104.5 in 2022.
7. The index for the general government sector increased by 3.9% or 4.0 points to reach 107.1 in 2023 from 103.1 in 2022 while that of the public sector increased by 5.2% or 5.4 points, from 103.4 in 2022 to 108.8 in 2023.
8. The index for the private sector for year 2023, worked out to 115.0 compared to 105.3 for year 2022, representing an increase of 9.2% or 9.7 points.
Statistics Mauritius
Ministry of Finance, Economic Planning and Development
27 March 2024
