Belarus: Labor cost

* indicates monthly or quarterly data series
 Belarus

Labor cost index

 Latest value 329.84
 Reference March 2024
 Measure index points
 Data availability October 1993 - March 2024
 Average 66.38
 Min - Max 0 - 346.61
 Source National Statistical Portal of the Republic of Belarus
For that indicator, we provide data for Belarus from October 1993 to March 2024. The average value for Belarus during that period was 66.38 index points with a minimum of 0 index points in October 1993 and a maximum of 346.61 index points in December 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
Belarus - Labor cost - recent values

Historical chart
Belarus - Labor cost - historical chart - 1993-2024
Measure: index points
Source: National Statistical Portal of the Republic of Belarus


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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 4.96 2023 million people
 Unemployment rate 3.57 2022 percent
 Female unemployment 2.82 2023 percent
 Male unemployment 4.12 2023 percent
 Youth unemployment 9.92 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 4.83 Q3/2023 million employed people
 Unemployment rate 3.36 Q3/2023 percent
 Labor cost 296.06 9/2023 index points
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