Labor cost index in Germany, June, 2020
For that indicator, we provide data for Germany from Q1 1997 to Q2 2020. The average value for Germany during that period was 86.28 index points with a minimum of 67.6 index points in Q2 1997 and a maximum of 112.5 index points in Q2 2020.
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Measure: index points
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.