Labor cost index in Bolivia, Q1 1996 - Q1 2021
For that indicator, we provide data for Bolivia from Q1 1996 to Q1 2021. The average value for Bolivia during that period was 229.62 index points with a minimum of 102.76 index points in Q1 1996 and a maximum of 379.76 index points in Q2 2019.
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Measure: index points
Source: National Institute of Statistics of Bolivia
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.