Belgium: Labor cost

* indicates monthly or quarterly data series
The most recent value is 119.6 index points as of Q3 2024, an increase compared to the previous value of 118.5 index points. Historically, the average for Belgium from Q1 2000 to Q3 2024 is 87.96 index points. The minimum of 64 index points was recorded in Q1 2000, while the maximum of 119.6 index points was reached in Q3 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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  • Measure: index points
  • Source: Eurostat

Recent values Belgium: Labor cost index
2024  Q3 119.6
2024  Q2 118.5
2024  Q1 117.4
2023  Q4 117.5
2023  Q3 116.7
2023  Q2 115.6
2023  Q1 114.8
2022  Q4 109.8


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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 5.42 2023 million people
 Unemployment rate 5.51 2023 percent
 Female unemployment 5.01 2023 percent
 Male unemployment 5.95 2023 percent
 Youth unemployment 16.09 2023 percent
 Labor force participation 54.92 2023 percent
 Labor force: percent female 46.85 2023 percent
 Female labor force participation 50.55 2023 percent
 Male labor force participation 59.45 2023 percent
 Hours worked 1,436.96 2023 hours
 Self-employment 15.06 2022 percent
 Employment 5.06 Q3/2024 million employed people
 Unemployment rate 5.80 12/2024 percent
 Labor cost 119.60 Q3/2024 index points
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