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 2021 April - 2022 March* 112.8 2.1 112.8 1.2 -0.8
A Agriculture, forestry and fishing 2021 April - 2022 March* 107.2 3.3 110.5 4.6 1.3
B-F Manufacturing and energy 2021 April - 2022 March* 113.0 0.4 114.6 0.7 0.2
B-E Industry (no construction), energy 2021 April - 2022 March* 113.1 1.6 115.6 2.0 0.4
C Manufacturing 2021 April - 2022 March* 113.6 1.5 116.8 2.0 0.6
24-30, 33 Metalectro 2021 April - 2022 March* 115.2 2.2 116.8 2.8 0.6
F Construction 2021 April - 2022 March* 112.7 -2.5 112.7 -2.6 -0.1
G-N Commercial services 2021 April - 2022 March* 111.8 3.3 111.8 1.9 -1.3
G-I Trade, transport, hotels, catering 2021 April - 2022 March* 110.4 2.2 110.8 0.8 -1.3
G Wholesale and retail trade 2021 April - 2022 March* 111.5 2.2 112.9 2.2 0.0
H Transportation and storage 2021 April - 2022 March* 111.6 3.0 110.6 3.2 0.2
I Accommodation and food serving 2021 April - 2022 March* 98.5 -0.9 97.8 -3.0 -2.1
J Information and communication 2021 April - 2022 March* 119.9 6.7 118.7 6.6 -0.1
K Financial institutions 2021 April - 2022 March* 112.9 2.7 115.4 2.9 0.2
L Renting, buying, selling real estate 2021 April - 2022 March* 109.2 1.7 109.5 1.5 -0.2
M-N Business services 2021 April - 2022 March* 111.0 3.7 111.0 2.5 -1.1
M Other specialised business services 2021 April - 2022 March* 110.6 2.9 110.6 2.6 -0.3
N Renting and other business support 2021 April - 2022 March* 111.5 4.9 112.1 4.5 -0.4
O-U Noncommercial services 2021 April - 2022 March* 114.3 1.3 113.5 0.8 -0.4
O-Q Government and care 2021 April - 2022 March* 114.5 1.2 113.6 1.0 -0.3
O Public administration and services 2021 April - 2022 March* 113.4 1.8 114.9 1.7 -0.1
P Education 2021 April - 2022 March* 113.4 0.8 110.8 0.2 -0.7
Q Health and social work activities 2021 April - 2022 March* 115.8 1.1 114.4 0.8 -0.2
R-U Culture, recreation, other services 2021 April - 2022 March* 111.4 1.7 111.1 0.9 -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 2019 are final. The figures concerning 2020 and 2021 are provisional.

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