Labor cost index
| Latest value
||National Statistics Office of Georgia
For that indicator, we provide data for Georgia from Q1 2014 to Q2 2023. The average value for Georgia during that period was 148.53 index points with a minimum of 100 index points in Q1 2014 and a maximum of 226.85 index points in Q2 2023.
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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.