Montenegro: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 134.38
 Reference March 2024
 Measure index points
 Data availability December 2010 - March 2024
 Average 102
 Min - Max 91.8 - 134.38
 Source Statistical Office of Montenegro
For that indicator, we provide data for Montenegro from December 2010 to March 2024. The average value for Montenegro during that period was 102 index points with a minimum of 91.8 index points in April 2011 and a maximum of 134.38 index points in March 2024. 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
Montenegro - Labor cost - recent values

Historical chart
Montenegro - Labor cost - historical chart - 2010-2024
Measure: index points
Source: Statistical Office of Montenegro

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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 0.29 2023 million people
 Unemployment rate 15.25 2022 percent
 Female unemployment 14.08 2023 percent
 Male unemployment 14.65 2023 percent
 Youth unemployment 27.05 2023 percent
 Labor force participation 56.46 2023 percent
 Labor force: percent female 45.55 2023 percent
 Female labor force participation 49.44 2023 percent
 Male labor force participation 64.07 2023 percent
 Self-employment 21.06 2022 percent
 Employment 0.29 Q3/2023 million employed people
 Unemployment rate 11.80 Q3/2023 percent
 Labor cost 129.95 9/2023 index points
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