Labor cost index in Ukraine, January 2002 - January 2022:
For that indicator, we provide data for Ukraine from January 2002 to January 2022. The average value for Ukraine during that period was 1329.6 index points with a minimum of 100 index points in January 2002 and a maximum of 5437.14 index points in December 2021.
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Measure: index points
Source: National Bank of Ukraine
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.