North Macedonia: Labor cost

* indicates monthly or quarterly data series
 North Macedonia

Labor cost index

 Latest value 283.38
 Reference December 2023
 Measure index points
 Data availability January 2005 - December 2023
 Average 158.07
 Min - Max 97.75 - 283.38
 Source State Statistical Office of the Republic of Macedonia
For that indicator, we provide data for North Macedonia from January 2005 to December 2023. The average value for North Macedonia during that period was 158.07 index points with a minimum of 97.75 index points in February 2005 and a maximum of 283.38 index points in December 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
North Macedonia - Labor cost - recent values

Historical chart
North Macedonia - Labor cost - historical chart - 2005-2023
Measure: index points
Source: State Statistical Office of the Republic of Macedonia

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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 0.94 2022 million people
 Unemployment rate 14.43 2022 percent
 Female unemployment 14.28 2022 percent
 Male unemployment 15.63 2022 percent
 Youth unemployment 27.20 2023 percent
 Labor force participation 52.59 2023 percent
 Labor force: percent female 40.33 2022 percent
 Female labor force participation 42.64 2023 percent
 Male labor force participation 62.76 2023 percent
 Self-employment 16.54 2022 percent
 Informal employment 11.50 2020 percent
 Employment 0.69 Q3/2023 million employed people
 Unemployment rate 12.85 Q3/2023 percent
 Labor cost 268.55 9/2023 index points
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