Germany: Labor cost
* indicates monthly or quarterly data series
| Germany |
Labor cost index |
|---|---|
| Latest value | 116.5 |
| Reference | Q3 2022 |
| Measure | index points |
| Source | Eurostat |
For that indicator, we provide data for Germany from Q1 1997 to Q3 2022. The average value for Germany during that period was 88.87 index points with a minimum of 67.6 index points in Q2 1997 and a maximum of 117 index points in Q3 2021.
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Measure: index points
Source: Eurostat
Source: Eurostat
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.