Denmark: Labor cost

* indicates monthly or quarterly data series
The most recent value is 112.7 index points as of Q3 2024, an increase compared to the previous value of 111.8 index points. Historically, the average for Denmark from Q1 2001 to Q3 2024 is 86.4 index points. The minimum of 61.2 index points was recorded in Q1 2001, while the maximum of 112.7 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 Denmark: Labor cost index
2024  Q3 112.7
2024  Q2 111.8
2024  Q1 110.3
2023  Q4 109.2
2023  Q3 108.9
2023  Q2 107.8
2023  Q1 107.2
2022  Q4 106.7


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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 3.18 2023 million people
 Unemployment rate 5.14 2023 percent
 Female unemployment 5.30 2023 percent
 Male unemployment 5.00 2023 percent
 Youth unemployment 11.66 2023 percent
 Labor force participation 63.61 2023 percent
 Labor force: percent female 47.29 2023 percent
 Female labor force participation 59.52 2023 percent
 Male labor force participation 67.79 2023 percent
 Hours worked 1,379.95 2023 hours
 Self-employment 8.58 2022 percent
 Employment 3.06 Q3/2024 million employed people
 Unemployment rate 6.90 12/2024 percent
 Labor cost 112.70 Q3/2024 index points
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