Spain: Labor cost

* indicates monthly or quarterly data series

Labor cost index

 Latest value 110.4
 Reference Q4 2023
 Measure index points
 Data availability Q1 2000 - Q4 2023
 Average 85.2
 Min - Max 57.3 - 110.4
 Source Eurostat
For that indicator, we provide data for Spain from Q1 2000 to Q4 2023. The average value for Spain during that period was 85.2 index points with a minimum of 57.3 index points in Q1 2000 and a maximum of 110.4 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
Spain - Labor cost - recent values

Historical chart
Spain - 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 23.80 2022 million people
 Unemployment rate 12.92 2022 percent
 Female unemployment 14.66 2022 percent
 Male unemployment 11.54 2022 percent
 Youth unemployment 28.49 2023 percent
 Labor force participation 57.59 2023 percent
 Labor force: percent female 47.07 2022 percent
 Female labor force participation 52.63 2023 percent
 Male labor force participation 62.84 2023 percent
 Self-employment 15.34 2022 percent
 Employment 21.25 Q3/2023 million employed people
 Unemployment rate 12.00 9/2023 percent
 Labor cost 108.90 Q3/2023 index points
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