Labor cost index in Trinidad and Tobago, -
For that indicator, we provide data for Trinidad and Tobago from to . The average value for Trinidad and Tobago during that period was index points with a minimum of index points in and a maximum of index points in .
Click on the following link to see the values of Labor cost index
around the world.
* indicates monthly or quarterly data series
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.