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 (%)
A-U All economic activities 2021 juli - 2022 juni* 114.4 2.8
A Agriculture, forestry and fishing 2021 juli - 2022 juni* 109.0 3.7
B-F Manufacturing and energy 2021 juli - 2022 juni* 114.6 1.4
B-E Industry (no construction), energy 2021 juli - 2022 juni* 114.9 2.8
C Manufacturing 2021 juli - 2022 juni* 115.5 2.7
24-30, 33 Metalectro 2021 juli - 2022 juni* 117.1 3.7
F Construction 2021 juli - 2022 juni* 113.9 -2.3
G-N Commercial services 2021 juli - 2022 juni* 113.4 3.4
G-I Trade, transport, hotels, catering 2021 juli - 2022 juni* 112.1 2.7
G Wholesale and retail trade 2021 juli - 2022 juni* 112.9 2.0
H Transportation and storage 2021 juli - 2022 juni* 112.7 2.8
I Accommodation and food serving 2021 juli - 2022 juni* 103.9 7.8
J Information and communication 2021 juli - 2022 juni* 121.7 6.0
K Financial institutions 2021 juli - 2022 juni* 113.5 2.2
L Renting, buying, selling real estate 2021 juli - 2022 juni* 109.7 1.8
M-N Business services 2021 juli - 2022 juni* 112.7 3.8
M Other specialised business services 2021 juli - 2022 juni* 112.1 3.3
N Renting and other business support 2021 juli - 2022 juni* 113.7 4.5
O-U Noncommercial services 2021 juli - 2022 juni* 115.9 2.7
O-Q Government and care 2021 juli - 2022 juni* 116.1 2.5
O Public administration and services 2021 juli - 2022 juni* 114.6 3.5
P Education 2021 juli - 2022 juni* 115.2 2.3
Q Health and social work activities 2021 juli - 2022 juni* 117.4 1.9
R-U Culture, recreation, other services 2021 juli - 2022 juni* 114.0 4.8
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 2020 are final. The figures concerning 2021 and 2022 are provisional.

Changes as of October 2022:
Compared to the previous version the figures for the reference period '2021 July - 2022 June' are added and the figures are adjusted from the period '2019 October - 2020 September'.

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. 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.