Mexico: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 162.48
 Reference September 2022
 Measure index points
 Source 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. 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

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Longer historical series
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.
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