Labour price index; index figures 2015=100; National Accounts

Labour price index; index figures 2015=100; National Accounts

Sector/branches (SIC 2008) Periods Labour price index (2015=100) Year-on-year change price of labour (%) Wage costs per hour worked (2015=100) Year-on-year change wage costs per hour (%) Structural effect (%)
A-U All economic activities 2015 January - 2015 December 100.0 0.2 100.0 0.0 -0.1
A-U All economic activities 2015 April - 2016 March 100.4 0.4 100.4 0.2 -0.2
A-U All economic activities 2015 July - 2016 June 99.8 -0.5 99.7 -0.7 -0.2
A-U All economic activities 2015 October - 2016 September 100.2 -0.4 100.1 -0.6 -0.2
A-U All economic activities 2016 January - 2016 December 101.0 1.0 100.7 0.7 -0.3
A-U All economic activities 2016 April - 2017 March 100.4 0.0 100.1 -0.3 -0.3
A-U All economic activities 2016 July - 2017 June 101.1 1.3 100.7 1.0 -0.3
A-U All economic activities 2016 October - 2017 September 101.5 1.3 100.9 0.8 -0.5
A-U All economic activities 2017 January - 2017 December 102.6 1.6 101.7 1.0 -0.5
A-U All economic activities 2017 April - 2018 March 103.5 3.0 102.5 2.4 -0.6
A-U All economic activities 2017 July - 2018 June 104.1 2.9 103.0 2.3 -0.6
A-U All economic activities 2017 October - 2018 September 104.7 3.2 103.6 2.7 -0.5
A-U All economic activities 2018 January - 2018 December 104.8 2.2 103.7 1.9 -0.3
A-U All economic activities 2018 April - 2019 March* 105.6 2.1 104.5 1.9 -0.2
A-U All economic activities 2018 July - 2019 June* 106.1 1.9 104.9 1.8 -0.1
A-U All economic activities 2018 October - 2019 September* 106.3 1.5 105.3 1.6 0.1
A-U All economic activities 2019 January - 2019 December* 107.2 2.2 106.1 2.4 0.1
A-U All economic activities 2019 April - 2020 March* 107.9 2.1 107.0 2.4 0.3
A-U All economic activities 2019 July - 2020 June* 107.7 1.6 107.4 2.4 0.8
Source: CBS.
Explanation of symbols

Table description


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.

Data available from:
2001

Status of the figures:
Data from 2001 up to and including 2018 are final. The figures concerning 2019 and 2020 are provisional.

Changes as of October 2020:
Compared to the previous version the figures for the reference period '2019 July - 2020 June' are added and the figures are adjusted as from '2017 April - 2018 March'.

Due to the COVID-19 crisis and governmental measures, there are fluctuations in the underlying data that can affect the outcome of the Labour price index. Because the Labour price index is based on a twelve-month moving average, the effect of the crises will be less visible in the results. Nevertheless, these figures should be used with some caution. From March 2020, the hours worked and wage costs are disproportionately affected by the COVID-19 crisis and the government measures taken. The wage costs decreased sharply due to the large wage compensation scheme (the so-called NOW subsidy) and the hours worked also decreased sharply.

From the first quarter of 2020 the method to estimate the hours worked of employees differs from the usual method. Due to the COVID-19 crisis the hours worked suddenly decreased sharply in certain industries. The regular data sources did not provide sufficient information to capture the decrease in hours worked. To properly incorporate the decrease of the hours worked in our quarterly estimate, the Labor Force Survey (LFS) is used as an additional source. March and the second quarter are estimated using growth rates from the LFS. The growth rates are applied in (parts of) the industries in which the effect of the COVID-19 crisis is substantial.

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 of wages, social contributions paid by employers and taxes on wage costs minus wage cost subsidies.
Year-on-year change wage costs per hour
Percentage change relative to the same period one year previously.
The total of wages, social contributions paid by employers and taxes on wage costs minus wage cost subsidies.
Structural effect
The difference between the development of wage costs per hour worked and price of labour.