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 | 2022 April - 2023 March* | 114.9 | 7.2 | 114.7 | 7.6 | 0.4 |
| A Agriculture, forestry and fishing | 2022 April - 2023 March* | 115.6 | 8.5 | 118.1 | 9.2 | 0.6 |
| B-F Manufacturing and energy | 2022 April - 2023 March* | 112.8 | 6.4 | 113.3 | 6.7 | 0.3 |
| B-E Industry (no construction), energy | 2022 April - 2023 March* | 113.5 | 6.8 | 114.2 | 7.2 | 0.4 |
| C Manufacturing | 2022 April - 2023 March* | 113.3 | 6.7 | 113.8 | 7.1 | 0.4 |
| 24-30, 33 Metalectro | 2022 April - 2023 March* | 113.8 | 6.6 | 114.5 | 7.0 | 0.3 |
| F Construction | 2022 April - 2023 March* | 111.1 | 5.5 | 110.9 | 5.4 | -0.1 |
| G-N Commercial services | 2022 April - 2023 March* | 115.2 | 7.1 | 115.2 | 7.7 | 0.5 |
| G-I Trade, transport, hotels, catering | 2022 April - 2023 March* | 117.3 | 7.9 | 115.7 | 7.8 | -0.1 |
| G Wholesale and retail trade | 2022 April - 2023 March* | 114.1 | 7.4 | 113.8 | 7.5 | 0.1 |
| H Transportation and storage | 2022 April - 2023 March* | 119.7 | 8.9 | 120.1 | 8.6 | -0.2 |
| I Accommodation and food serving | 2022 April - 2023 March* | 136.4 | 8.7 | 133.7 | 8.6 | -0.1 |
| J Information and communication | 2022 April - 2023 March* | 112.8 | 6.5 | 112.7 | 6.7 | 0.2 |
| K Financial institutions | 2022 April - 2023 March* | 108.3 | 5.1 | 107.7 | 4.8 | -0.2 |
| L Renting, buying, selling real estate | 2022 April - 2023 March* | 111.8 | 5.9 | 111.3 | 5.6 | -0.3 |
| M-N Business services | 2022 April - 2023 March* | 115.9 | 7.1 | 118.0 | 8.5 | 1.3 |
| M Other specialised business services | 2022 April - 2023 March* | 113.2 | 6.0 | 113.0 | 6.1 | 0.1 |
| N Renting and other business support | 2022 April - 2023 March* | 119.6 | 8.5 | 121.2 | 9.3 | 0.7 |
| O-U Noncommercial services | 2022 April - 2023 March* | 115.3 | 7.7 | 114.8 | 7.6 | -0.1 |
| O-Q Government and care | 2022 April - 2023 March* | 115.3 | 7.8 | 115.1 | 7.8 | -0.1 |
| O Public administration and services | 2022 April - 2023 March* | 115.2 | 6.8 | 115.4 | 6.7 | 0.0 |
| P Education | 2022 April - 2023 March* | 117.8 | 8.8 | 116.7 | 8.6 | -0.2 |
| Q Health and social work activities | 2022 April - 2023 March* | 114.1 | 8.0 | 113.8 | 7.9 | -0.1 |
| R-U Culture, recreation, other services | 2022 April - 2023 March* | 115.3 | 6.2 | 114.2 | 6.2 | 0.0 |
| 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 2021 are final. The figures concerning 2022, 2023 and 2024 are provisional.
Changes as of July 25th 2024:
Compared to the previous version the figures for the reference period '2023 April - 2024 March' are added and the figures are adjusted for the period '2023 January - 2023 December' 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 highly educated employees, for example, contributes to an increase in wage costs per hour worked because highly educated employees are on average paid more.