Mexico: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 158.65
 Reference March 2024
 Measure index points
 Data availability January 2008 - March 2024
 Average 93.47
 Min - Max 58.09 - 186.44
 Source Bank of Mexico
For that indicator, we provide data for Mexico from January 2008 to March 2024. The average value for Mexico during that period was 93.47 index points with a minimum of 58.09 index points in February 2008 and a maximum of 186.44 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
Mexico - Labor cost - recent values

Historical chart
Mexico - Labor cost - historical chart - 2008-2024
Measure: index points
Source: Bank of Mexico

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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 60.04 2023 million people
 Unemployment rate 3.26 2022 percent
 Female unemployment 2.89 2023 percent
 Male unemployment 2.78 2023 percent
 Youth unemployment 5.85 2023 percent
 Labor force participation 61.52 2023 percent
 Labor force: percent female 39.45 2023 percent
 Female labor force participation 46.80 2023 percent
 Male labor force participation 77.37 2023 percent
 Self-employment 31.84 2022 percent
 Informal employment 55.70 2020 percent
 Employment 59.17 Q3/2023 million employed people
 Unemployment rate 2.71 9/2023 percent
 Labor cost 145.57 9/2023 index points
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