Belarus: Labor cost

* indicates monthly or quarterly data series
The most recent value is 411.16 index points as of December 2024, an increase compared to the previous value of 355.89 index points. Historically, the average for Belarus from October 1993 to December 2024 is 73.36 index points. The minimum of 0 index points was recorded in October 1993, while the maximum of 411.16 index points was reached in December 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 Belarus: Labor cost index
2024  Dec 411.16
2024  Nov 355.89
2024  Oct 360.71
2024  Sep 353.16
2024  Aug 357.33
2024  Jul 359.45
2024  Jun 346.46
2024  May 338.71


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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 4.95 2023 million people
 Unemployment rate 3.57 2023 percent
 Female unemployment 2.91 2023 percent
 Male unemployment 4.25 2023 percent
 Youth unemployment 10.23 2023 percent
 Labor force participation 64.77 2023 percent
 Labor force: percent female 50.31 2023 percent
 Female labor force participation 59.24 2023 percent
 Male labor force participation 71.53 2023 percent
 Self-employment 4.71 2022 percent
 Employment 4.74 Q4/2024 million employed people
 Unemployment rate 3.03 Q4/2024 percent
 Labor cost 411.16 12/2024 index points
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