Labor cost index
| Latest value
||Bank of Mexico
For that indicator, we provide data for Mexico from January 2008 to September 2022. The average value for Mexico during that period was 114.17 index points with a minimum of 75.28 index points in February 2008 and a maximum of 194.35 index points in December 2021.
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Measure: index points
Source: Bank of Mexico
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.