Georgia: Labor cost

* indicates monthly or quarterly data series
 Georgia

Labor cost index

 Latest value 244.31
 Reference Q1 2024
 Measure index points
 Data availability Q1 2014 - Q1 2024
 Average 155.58
 Min - Max 100 - 257.03
 Source National Statistics Office of Georgia
For that indicator, we provide data for Georgia from Q1 2014 to Q1 2024. The average value for Georgia during that period was 155.58 index points with a minimum of 100 index points in Q1 2014 and a maximum of 257.03 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
Georgia - Labor cost - recent values

Historical chart
Georgia - Labor cost - historical chart - 2014-2024
Measure: index points
Source: National Statistics Office of Georgia


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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
 Labor force 1.82 2023 million people
 Unemployment rate 11.68 2022 percent
 Female unemployment 10.33 2023 percent
 Male unemployment 13.02 2023 percent
 Youth unemployment 30.54 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 1.37 Q3/2023 million employed people
 Unemployment rate 15.58 Q3/2023 percent
 Labor cost 233.24 Q3/2023 index points
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