Azerbaijan: Labor cost

* indicates monthly or quarterly data series
The most recent value is 321.89 index points as of Q1 2024, an increase compared to the previous value of 305.06 index points. Historically, the average for Azerbaijan from Q1 2010 to Q1 2024 is 182.7 index points. The minimum of 100 index points was recorded in Q1 2010, while the maximum of 321.89 index points was reached in Q1 2024. Click on the following link to see the values of: Labor cost around the world.
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* indicates monthly or quarterly data series

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Recent values Azerbaijan: Labor cost index
2024  Q1 321.89
2023  Q4 305.06
2023  Q3 300.49
2023  Q2 301.18
2023  Q1 294.45
2022  Q4 274.42
2022  Q3 270.3
2022  Q2 270.21


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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 5.52 2023 million people
 Unemployment rate 5.64 2023 percent
 Female unemployment 6.52 2023 percent
 Male unemployment 4.77 2023 percent
 Youth unemployment 13.61 2023 percent
 Labor force participation 70.22 2023 percent
 Labor force: percent female 49.74 2023 percent
 Female labor force participation 67.40 2023 percent
 Male labor force participation 73.24 2023 percent
 Self-employment 67.10 2022 percent
 Employment 4.96 Q3/2023 million employed people
 Unemployment rate 5.50 Q3/2023 percent
 Labor cost 300.49 Q3/2023 index points
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