United Kingdom: Labor cost

(measure: index points, source: Eurostat)
* indicates monthly or quarterly data series

Labor cost index in the United Kingdom, Q1 2001 - Q3 2020:

For that indicator, we provide data for the United Kingdom from Q1 2001 to Q3 2020. The average value for the United Kingdom during that period was 89.08 index points with a minimum of 63 index points in Q1 2001 and a maximum of 133.6 index points in Q2 2020. 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

Longer historical series
Measure: index points
Source: Eurostat

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.
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