China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy

1995 - 2025 | Yearly | 2015=100 | Organisation for Economic Co-operation and Development

China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy data was reported at 97.921 2015=100 in 2025. This records a decrease from the previous number of 98.035 2015=100 for 2024. China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy data is updated yearly, averaging 74.713 2015=100 from Dec 1995 (Median) to 2025, with 31 observations. The data reached an all-time high of 102.164 2015=100 in 2022 and a record low of 34.753 2015=100 in 1995. China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s China – Table CN.OECD.EO: Trade Statistics: Competitiveness Indicators In International Trade: Forecast: Non OECD Member: Annual. ULCDR - Indicator of competitiveness based on relative unit labour costs in total economyCompetitiveness-weighted relative unit labour costs for the overall economy in dollar terms. Competitiveness weights take into account the structure of competition in both export and import markets of the goods sector of 53 countries. An increase in the index indicates a real effective appreciation and a corresponding deterioration of the competitive position. Index, OECD reference year OECD calculation, see OECD Economic Outlook database documentation

View China's China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy from 1995 to 2025 in the chart:

China China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy

What was China's China Competitiveness Indicator: Relative Unit Labour Costs: Overall Economy in 2025?

Last Previous Min Max Unit Frequency Range
97.921 2025 98.035 2024 34.753 1995 102.164 2022 2015=100 yearly 1995 - 2025

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China Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 31,424.403 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 18,826.230 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 3.437 2028 yearly 1980 - 2028
GDP Deflator Growth (%) 0.0 Dec 2022 quarterly Mar 1993 - Dec 2022
GDP per Capita (USD) 12,621.720 2023 yearly 1957 - 2023
Gross Fixed Capital Formation (USD mn) 7,546,959.529 2022 yearly 1957 - 2022
Gross National Product (GNP) (USD mn) 17,655,982.815 2023 yearly 1957 - 2023
Gross Savings Rate (%) 44.3 2023 yearly 1952 - 2023
Investment: % of GDP (%) 42.1 2023 yearly 1952 - 2023
Nominal GDP (USD mn) 4,166,759.1 Mar 2023 quarterly Mar 1992 - Mar 2023
Nominal GDP Growth (%) 4.042 Sep 2024 quarterly Mar 1993 - Sep 2024
Private Consumption Expenditure (USD mn) 6,967,063.052 2023 yearly 1957 - 2023
Private Consumption: % of GDP (%) 39.2 2023 yearly 1952 - 2023
Public Consumption Expenditure (USD mn) 2,939,579.607 2023 yearly 1957 - 2023
Public Consumption: % of GDP (%) 16.5 2023 yearly 1952 - 2023
Real GDP Growth (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 38.986 Sep 2024 quarterly Mar 1998 - Sep 2024
Production Last Frequency Range
Gold Production (kg) 372,048.000 2022 yearly 1990 - 2022
Industrial Production Index Growth (%) 5.3 Oct 2024 monthly Jan 1995 - Oct 2024
Minerals Production (Metric Ton) 5,038,785,218.000 2022 yearly 2009 - 2022
Motor Vehicle Production (Unit) 30,160,966.000 2023 yearly 1997 - 2023
Silver Production (Metric Ton) 3,400.000 2023 yearly 1986 - 2023
Construction and Properties Last Frequency Range
House Prices Growth (%) -5.2 Oct 2024 monthly Mar 1999 - Oct 2024
Nominal Residential Property Price Index (2010=100) 128.212 Jun 2024 quarterly Jun 2005 - Jun 2024
Nominal Residential Property Price Index Growth (%) -7.382 Jun 2024 quarterly Jun 2006 - Jun 2024
Real Residential Property Price Index (2010=100) 96.851 Jun 2024 quarterly Jun 2005 - Jun 2024
Real Residential Property Price Index Growth (%) -5.164 Mar 2024 quarterly Jun 2006 - Mar 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.0 Sep 2024 quarterly Dec 1995 - Sep 2024
Forecast: Government Expenditure (RMB bn) 61,759.865 2029 yearly 1982 - 2029
Forecast: Government Net Debt (RMB bn) 193,709.639 2029 yearly 1995 - 2029
Forecast: Government Revenue (RMB bn) 47,402.036 2029 yearly 1982 - 2029
Government Debt: % of GDP (%) 24.6 Jun 2024 quarterly Mar 2014 - Jun 2024
National Government Debt (USD mn) 4,229,996.2 2023 yearly 2005 - 2023
Tax Revenue (USD mn) 154,586.959 Nov 2024 monthly Jan 1995 - Nov 2024
Consolidated Fiscal Balance (USD mn) -132,647.822 Nov 2024 monthly Jan 1995 - Nov 2024
Tax Revenue: % of GDP (%) 11.3 Sep 2024 quarterly Mar 1995 - Sep 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 740,410,000.000 2023 yearly 1949 - 2023
Forecast: Population (Person mn) 1,401.069 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 5.100 2029 yearly 2017 - 2029
Labour Force Participation Rate (%) 66.4 2023 yearly 1990 - 2023
Labour Productivity Growth (%) 4.27 2023 yearly 1953 - 2023
Monthly Earnings (USD) 1,392 Dec 2023 quarterly Mar 2000 - Dec 2023
Population (Person mn) 1,409.7 2023 yearly 1949 - 2023
Unemployment Rate (%) 5.10 Sep 2024 quarterly Mar 2017 - Sep 2024

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