Romania: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 154.7
 Reference Q1 2024
 Measure index points
 Data availability Q1 2000 - Q1 2024
 Average 55.94
 Min - Max 6.5 - 154.7
 Source Eurostat
For that indicator, we provide data for Romania from Q1 2000 to Q1 2024. The average value for Romania during that period was 55.94 index points with a minimum of 6.5 index points in Q1 2000 and a maximum of 154.7 index points in Q1 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
Romania - Labor cost - recent values

Historical chart
Romania - Labor cost - historical chart - 2000-2024
Measure: index points
Source: Eurostat

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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 8.13 2023 million people
 Unemployment rate 5.61 2022 percent
 Female unemployment 5.13 2023 percent
 Male unemployment 5.98 2023 percent
 Youth unemployment 22.15 2023 percent
 Labor force participation 51.64 2023 percent
 Labor force: percent female 42.77 2023 percent
 Female labor force participation 42.37 2023 percent
 Male labor force participation 61.75 2023 percent
 Self-employment 23.20 2022 percent
 Employment 7.73 Q3/2023 million employed people
 Unemployment rate 5.30 9/2023 percent
 Labor cost 141.40 Q3/2023 index points
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