Labor cost index in North Macedonia, January 2005 - April 2022:
For that indicator, we provide data for North Macedonia from January 2005 to April 2022. The average value for North Macedonia during that period was 149.49 index points with a minimum of 97.75 index points in February 2005 and a maximum of 222.28 index points in April 2022.
Click on the following link to see the values of Labor cost index
around the world.
Longer historical series
* indicates monthly or quarterly data series
Measure: index points
Source: State Statistical Office of the Republic of Macedonia
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.