NZ inNumbers

NZ Did pay grow faster under Labour or National?

Average pay, after inflation, grew about 0.9% a year under Ardern and Hipkins' Labour government and about 0.6% a year under Luxon's National government.

Updated

Labour under Ardern and Hipkins: 0.9% per year, 5.7% in total (Sep 2017 qtr to Sep 2023 qtr). National under Luxon: 0.6% per year, 1.8% so far (Sep 2023 qtr to Jun 2026 qtr).

Labour under Ardern and HipkinsNational under Luxon
Labour under Ardern and Hipkins0.9%National under Luxon0.6%0
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PeriodAverage hourly earnings, CPI adjusted, annualised % growth (% per year)
National under Luxon0.6%
Labour under Ardern and Hipkins0.9%
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Average pay, after inflation, grew about 0.9% a year under Ardern and Hipkins' Labour government and about 0.6% a year under Luxon's National government. Labour under Ardern and Hipkins: 0.9% per year, 5.7% in total (Sep 2017 qtr to Sep 2023 qtr). National under Luxon: 0.6% per year, 1.8% so far (Sep 2023 qtr to Jun 2026 qtr).

Average pay includes promotions and job changes, not just pay rises.

Real means adjusted with CPI. Average earnings include job changes and promotions.

Source: NZ in Numbers.

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