Labor cost index in Romania, Q1 2000 - Q1 2022:
For that indicator, we provide data for Romania from Q1 2000 to Q1 2022. The average value for Romania during that period was 75.62 index points with a minimum of 10.1 index points in Q1 2000 and a maximum of 178.3 index points in Q1 2022.
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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.