Labor cost index in Portugal, Q1 2001 - Q1 2021
For that indicator, we provide data for Portugal from Q1 2001 to Q1 2021. The average value for Portugal during that period was 96.44 index points with a minimum of 78.5 index points in Q2 2001 and a maximum of 117.3 index points in Q2 2020.
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Measure: index points
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.