Wage Rate Index – 4^th Quarter and Year 2025

Highlights

(Base: fourth quarter 2021=100)

1.  The Wage Rate Index increased by 0.7% or 0.9 point to reach 134.0 in fourth quarter 2025 from 133.1 in third quarter 2025. Compared to fourth quarter 2024, the index increased by 3.3% or 4.3 points.

2.  Main changes registered in the sub-indices from third quarter 2025 to fourth quarter 2025 are:
             Information and communication                                                                                         +4.1%
             Financial and insurance activities                                                                                      +2.2%
             Manufacturing                                                                                                                     +1.5%
             Accommodation and food service activities                                                                        +1.3%                         
                    
            Agriculture, forestry and fishing                                                                                          -1.3%
                                 

3.  The Wage Rate Index for the General Government sector, which accounts for around 34% of the total weight of the Wage Rate Index, remained at 119.2 in third and fourth quarters 2025. Compared to fourth quarter 2024, an increase of 2.0% or 2.3 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 0.6% or 0.7 point from 122.7 in third quarter 2025 to 123.4 in fourth quarter 2025. Compared to fourth quarter 2024, the index increased by 3.4% or 4.1 points.
5.  The index for the private sector, which accounts for around 54% of the total weight of the Wage Rate Index, increased by 1.1% or 1.5 points from 141.4 in third quarter 2025 to 142.9 in fourth quarter 2025. Compared to fourth quarter 2024, it increased by 4.0% or 5.5 points.

Wage Rate Index – Year 2025

6.  The Wage Rate Index for year 2025, worked out as the average of the quarterly indices, increased by 4.9% or 6.2 points to reach 132.7 in 2025 from 126.5 in 2024.

​7.   The index for the General Government sector increased by 2.7% or 3.1 points to reach 119.5 in 2025 from 116.4 in 2024 while that of the public sector increased by 3.6% or 4.3 points, from 118.4 in 2024 to 122.7 in 2025.

8.   The index for the private sector for year 2025, worked out to 140.6 compared to 132.8 for year 2024, representing an increase of 5.9% or 7.8 points. 

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Ministry of Finance

27 March 2026

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