Labour price index; index figures 2021=100; National Accounts

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 0.3
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 4.4 103.3 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 5.4 108.7 5.6 0.2
A-U All economic activities 2022 October - 2023 September* 110.8 6.7 110.5 6.9 0.2
A-U All economic activities 2023 January - 2023 December* 112.9 6.5 112.7 6.9 0.3
A-U All economic activities 2022 April - 2023 March* 114.9 7.2 114.7 7.6 0.4
Source: CBS.
Explanation of symbols

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.