Rwanda: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 153.67
 Reference Q3 2023
 Measure index points
 Data availability Q4 2018 - Q3 2023
 Average 111.87
 Min - Max 84.49 - 167.24
 Source National Institute of Statistics of Rwanda
For that indicator, we provide data for Rwanda from Q4 2018 to Q3 2023. The average value for Rwanda during that period was 111.87 index points with a minimum of 84.49 index points in Q1 2019 and a maximum of 167.24 index points in Q2 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
Rwanda - Labor cost - recent values

Historical chart
Rwanda - Labor cost - historical chart - 2018-2023
Measure: index points
Source: National Institute of Statistics of Rwanda

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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 4.65 2022 million people
 Unemployment rate 15.08 2022 percent
 Female unemployment 14.31 2022 percent
 Male unemployment 11.90 2022 percent
 Youth unemployment 21.87 2023 percent
 Labor force participation 60.52 2023 percent
 Labor force: percent female 46.05 2022 percent
 Female labor force participation 55.07 2023 percent
 Male labor force participation 66.42 2023 percent
 Self-employment 64.00 2022 percent
 Informal employment 82.90 2020 percent
 Employment 3.97 Q3/2023 million employed people
 Unemployment rate 18.05 Q3/2023 percent
 Labor cost 153.67 Q3/2023 index points
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