Germany: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 114.2
 Reference Q4 2023
 Measure index points
 Data availability Q1 1997 - Q4 2023
 Average 80.77
 Min - Max 60.3 - 114.2
 Source Eurostat
For that indicator, we provide data for Germany from Q1 1997 to Q4 2023. The average value for Germany during that period was 80.77 index points with a minimum of 60.3 index points in Q2 1997 and a maximum of 114.2 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
Germany - Labor cost - recent values

Historical chart
Germany - Labor cost - historical chart - 1997-2023
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
 Labor force 44.37 2022 million people
 Unemployment rate 3.14 2022 percent
 Female unemployment 2.72 2022 percent
 Male unemployment 3.22 2022 percent
 Youth unemployment 6.00 2023 percent
 Labor force participation 61.63 2023 percent
 Labor force: percent female 46.71 2022 percent
 Female labor force participation 56.45 2023 percent
 Male labor force participation 67.02 2023 percent
 Self-employment 8.75 2022 percent
 Employment 42.89 Q3/2023 million employed people
 Unemployment rate 3.00 9/2023 percent
 Labor cost 112.60 Q3/2023 index points
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