Albania: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 155.54
 Reference Q3 2023
 Measure index points
 Data availability Q1 2014 - Q3 2023
 Average 115.61
 Min - Max 99.24 - 155.54
 Source Albanian Institute of Statistics (INSTAT)
For that indicator, we provide data for Albania from Q1 2014 to Q3 2023. The average value for Albania during that period was 115.61 index points with a minimum of 99.24 index points in Q3 2014 and a maximum of 155.54 index points in Q3 2023. Click on the following link to see the values of Labor cost index around the world.
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* indicates monthly or quarterly data series

Recent values chart
Albania - Labor cost - recent values

Historical chart
Albania - Labor cost - historical chart - 2014-2023
Measure: index points
Source: Albanian Institute of Statistics (INSTAT)

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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest value Reference Measure
 Labor force 1.38 2022 million people
 Unemployment rate 11.63 2022 percent
 Female unemployment 11.76 2022 percent
 Male unemployment 11.85 2022 percent
 Youth unemployment 26.94 2023 percent
 Labor force participation 60.18 2023 percent
 Labor force: percent female 44.31 2022 percent
 Female labor force participation 52.82 2023 percent
 Male labor force participation 67.65 2023 percent
 Self-employment 52.82 2022 percent
 Informal employment 56.70 2019 percent
 Employment 1.34 Q3/2023 million employed people
 Unemployment rate 10.54 Q3/2023 percent
 Labor cost 155.54 Q3/2023 index points
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