Labour price index; index figures 2021=100; National Accounts
| Sector/branches (SIC 2008) | Periods | Labour price index (2021=100) | Year-on-year change price of labour (%) | Wage costs per hour worked (2021=100) | Year-on-year change wage costs per hour (%) | Structural effect (%) |
|---|---|---|---|---|---|---|
| A-U All economic activities | 2001 | 68.3 | . | 63.1 | . | . |
| A-U All economic activities | 2006 | 76.6 | 1.5 | 73.4 | 2.1 | 0.6 |
| A-U All economic activities | 2011 | 85.0 | 1.8 | 83.4 | 2.0 | 0.2 |
| A-U All economic activities | 2016 | 89.9 | 1.3 | 89.5 | 1.0 | -0.3 |
| A-U All economic activities | 2019 | 96.1 | 2.7 | 94.9 | 2.8 | 0.1 |
| A-U All economic activities | 2020 | 98.8 | 2.7 | 98.9 | 4.2 | 1.4 |
| A-U All economic activities | 2021 | 100.0 | 1.2 | 100.0 | 1.1 | -0.2 |
| A-U All economic activities | 2022 | 106.0 | 6.0 | 105.5 | 5.5 | -0.5 |
| A-U All economic activities | 2023* | 112.9 | 6.5 | 112.7 | 6.9 | 0.4 |
| A-U All economic activities | 2021 January - 2021 December | 100.0 | 1.2 | 100.0 | 1.1 | -0.2 |
| A-U All economic activities | 2021 April - 2022 March | 101.4 | 4.1 | 101.1 | 3.1 | -0.9 |
| A-U All economic activities | 2021 July - 2022 June | 103.5 | 4.9 | 103.0 | 3.9 | -0.9 |
| A-U All economic activities | 2021 October - 2022 September | 103.8 | 4.3 | 103.3 | 3.6 | -0.7 |
| A-U All economic activities | 2022 January - 2022 December | 106.0 | 6.0 | 105.5 | 5.5 | -0.5 |
| A-U All economic activities | 2022 April - 2023 March* | 107.1 | 5.6 | 106.7 | 5.5 | -0.1 |
| A-U All economic activities | 2022 July - 2023 June* | 109.0 | 5.3 | 108.7 | 5.6 | 0.2 |
| A-U All economic activities | 2022 October - 2023 September* | 110.7 | 6.7 | 110.5 | 6.9 | 0.3 |
| A-U All economic activities | 2023 January - 2023 December* | 112.9 | 6.5 | 112.7 | 6.9 | 0.4 |
| A-U All economic activities | 2023 April - 2024 March* | 114.8 | 7.2 | 114.7 | 7.6 | 0.4 |
| A-U All economic activities | 2023 July - 2024 June* | 116.2 | 6.6 | 116.2 | 7.0 | 0.3 |
| Source: CBS. | ||||||
Table explanation
This table provides information on labour price developments, i.e. the development of wage costs per hour worked by employees, corrected for changes in the personnel structure. The labor price index divides the total increase in wage costs per hour worked into a price component and a structural effect.
Data available from:
2001
Status of the figures:
Data from 2001 up to and including 2022 are final. The figures concerning 2023 and 2024 are provisional.
Changes as of October 31st 2024:
Compared to the previous version the figures for the reference period '2023 July - 2024 June' are added and the figures are adjusted for the period '2021 October - 2022 September' and onwards.
When will new figures become available?
New figures are published three to four months after the end of the reference period.
Description topics
- Labour price index
- The labour price index reflects changes in the price of labour. This concerns the development of the wage costs per hour worked by employees, corrected for changes in the personnel structure.
- Year-on-year change price of labour
- Percentage change relative to the same period one year previously.
The labour price index reflects changes in the price of labour. This concerns the development of the wage costs per hour worked by employees, corrected for changes in the personnel structure. - Wage costs per hour worked
- Wage costs divided by hours worked.
The total compensation of employees paid by employers plus taxes on wage costs minus wage cost subsidies.
- Compensation of employees is the total remuneration paid by employers to their employees in return for work done. Compensation of employees is classified in wages and salaries and employers' social contributions.
- Taxes on wage costs are taxes paid by employers on certain wage components, for example wages in kind.
- Wage cost subsidies are subsidies depending on the total wage bill, the number of employees, or on the employment of certain categories of persons, such as physically disabled or long-term unemployed persons. - Year-on-year change wage costs per hour
- Percentage change relative to the same period one year previously.
The total compensation of employees paid by employers plus taxes on wage costs minus wage cost subsidies.
- Compensation of employees is the total remuneration paid by employers to their employees in return for work done. Compensation of employees is classified in wages and salaries and employers' social contributions.
- Taxes on wage costs are taxes paid by employers on certain wage components, for example wages in kind.
- Wage cost subsidies are subsidies depending on the total wage bill, the number of employees, or on the employment of certain categories of persons, such as physically disabled or long-term unemployed persons. - Structural effect
- The part of the development of wage costs per hour worked that is caused by changes in the employee structure. An increase in the share of young employees, for example, contributes to a decrease in wage costs per hour worked because young employees are on average paid less.