Euro area: Labor cost

* indicates monthly or quarterly data series
 Euro area

Labor cost index

 Latest value 113.5
 Reference Q4 2023
 Measure index points
 Data availability Q1 2002 - Q4 2023
 Average 86.42
 Min - Max 66.5 - 113.5
 Source Eurostat
For that indicator, we provide data for Euro area from Q1 2002 to Q4 2023. The average value for Euro area during that period was 86.42 index points with a minimum of 66.5 index points in Q1 2002 and a maximum of 113.5 index points in Q4 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
Euro area - Labor cost - recent values

Historical chart
Euro area - Labor cost - historical chart - 2002-2023
Measure: index points
Source: Eurostat

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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
 Employment 167.72 Q3/2022 million employed people
 Unemployment rate 6.50 9/2023 percent
 Labor cost 112.00 Q3/2023 index points
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