Labor cost index in Georgia, Q1 2014 - Q1 2022:
For that indicator, we provide data for Georgia from Q1 2014 to Q1 2022. The average value for Georgia during that period was 138.92 index points with a minimum of 100 index points in Q1 2014 and a maximum of 184.02 index points in Q4 2021.
Click on the following link to see the values of Labor cost index
around the world.
Longer historical series
* indicates monthly or quarterly data series
Measure: index points
Source: National Statistics Office of Georgia
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.