Slovakia: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 129.6
 Reference Q4 2023
 Measure index points
 Data availability Q1 2000 - Q4 2023
 Average 70.35
 Min - Max 30.6 - 129.6
 Source Eurostat
For that indicator, we provide data for Slovakia from Q1 2000 to Q4 2023. The average value for Slovakia during that period was 70.35 index points with a minimum of 30.6 index points in Q2 2000 and a maximum of 129.6 index points in Q4 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
Slovakia - Labor cost - recent values

Historical chart
Slovakia - Labor cost - historical chart - 2000-2023
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 2.77 2023 million people
 Unemployment rate 6.14 2022 percent
 Female unemployment 5.97 2023 percent
 Male unemployment 5.70 2023 percent
 Youth unemployment 19.27 2023 percent
 Labor force participation 61.66 2023 percent
 Labor force: percent female 47.05 2023 percent
 Female labor force participation 56.29 2023 percent
 Male labor force participation 67.37 2023 percent
 Self-employment 15.01 2022 percent
 Employment 2.61 Q3/2023 million employed people
 Unemployment rate 5.90 9/2023 percent
 Labor cost 127.00 Q3/2023 index points
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