Bolivia: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 377.33
 Reference Q4 2023
 Measure index points
 Data availability Q1 1996 - Q4 2023
 Average 249.92
 Min - Max 102.76 - 407.45
 Source National Institute of Statistics of Bolivia
For that indicator, we provide data for Bolivia from Q1 1996 to Q4 2023. The average value for Bolivia during that period was 249.92 index points with a minimum of 102.76 index points in Q1 1996 and a maximum of 407.45 index points in Q3 2022. 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
Bolivia - Labor cost - recent values

Historical chart
Bolivia - Labor cost - historical chart - 1996-2023
Measure: index points
Source: National Institute of Statistics of Bolivia

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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 6.11 2023 million people
 Unemployment rate 3.55 2022 percent
 Female unemployment 4.81 2023 percent
 Male unemployment 3.50 2023 percent
 Youth unemployment 7.18 2023 percent
 Labor force participation 71.00 2023 percent
 Labor force: percent female 42.44 2023 percent
 Female labor force participation 59.95 2023 percent
 Male labor force participation 82.17 2023 percent
 Self-employment 68.82 2022 percent
 Informal employment 84.90 2019 percent
 Employment 6.55 9/2023 million employed people
 Unemployment rate 2.65 9/2023 percent
 Labor cost 375.74 Q3/2023 index points
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