Belarus: Labor cost

* indicates monthly or quarterly data series
 Belarus

Labor cost index

 Latest value 346.61
 Reference December 2023
 Measure index points
 Data availability October 1993 - December 2023
 Average 64.33
 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 December 2023. The average value for Belarus during that period was 64.33 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 - 1993-2023
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 4.84 2022 million people
 Unemployment rate 4.17 2022 percent
 Female unemployment 3.28 2022 percent
 Male unemployment 5.06 2022 percent
 Youth unemployment 11.22 2022 percent
 Labor force participation 63.07 2022 percent
 Labor force: percent female 50.15 2022 percent
 Female labor force participation 57.53 2022 percent
 Male labor force participation 69.84 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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