Albania: Labor cost
* indicates monthly or quarterly data series
The most recent value is 155.54 index points as of Q3 2023, an increase compared to the previous value of 154.27 index points. Historically, the average for Albania from Q1 2014 to Q3 2023 is 115.61 index points. The minimum of 99.24 index points was recorded in Q3 2014, while the maximum of 155.54 index points was reached in Q3 2023.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Albanian Institute of Statistics (INSTAT)
| Recent values | Albania: Labor cost index |
|---|---|
| 2023 Q3 | 155.54 |
| 2023 Q2 | 154.27 |
| 2023 Q1 | 140.78 |
| 2022 Q4 | 143.63 |
| 2022 Q3 | 134.05 |
| 2022 Q2 | 131.99 |
| 2022 Q1 | 128.9 |
| 2021 Q4 | 129.6 |
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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 | Reference | Measure |
|---|---|---|---|
| Labor force | 1.40 | 2023 | million people |
| Unemployment rate | 11.58 | 2023 | percent |
| Female unemployment | 10.94 | 2023 | percent |
| Male unemployment | 11.20 | 2023 | percent |
| Youth unemployment | 26.94 | 2023 | percent |
| Labor force participation | 60.18 | 2023 | percent |
| Labor force: percent female | 44.26 | 2023 | 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 | 1.32 | Q4/2023 | million employed people |
| Unemployment rate | 10.65 | Q4/2023 | percent |
| Labor cost | 155.54 | Q3/2023 | index points |