Georgia: Labor cost

* indicates monthly or quarterly data series
The most recent value is 252.05 index points as of Q2 2024, an increase compared to the previous value of 244.31 index points. Historically, the average for Georgia from Q1 2014 to Q2 2024 is 157.88 index points. The minimum of 100 index points was recorded in Q1 2014, while the maximum of 257.03 index points was reached in Q4 2023. 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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Recent values Georgia: Labor cost index
2024  Q2 252.05
2024  Q1 244.31
2023  Q4 257.03
2023  Q3 233.24
2023  Q2 226.85
2023  Q1 215.8
2022  Q4 222.97
2022  Q3 200.51


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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 1.82 2023 million people
 Unemployment rate 11.62 2023 percent
 Female unemployment 10.20 2023 percent
 Male unemployment 12.89 2023 percent
 Youth unemployment 30.20 2023 percent
 Labor force participation 62.64 2023 percent
 Labor force: percent female 47.14 2023 percent
 Female labor force participation 54.41 2023 percent
 Male labor force participation 72.40 2023 percent
 Self-employment 48.92 2022 percent
 Informal employment 39.70 2020 percent
 Employment 1.39 Q2/2024 million employed people
 Unemployment rate 13.67 Q2/2024 percent
 Labor cost 252.05 Q2/2024 index points
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