{"entity":{"iso2":"IS","iso3":"ISL","name":"Iceland","slug":"iceland"},"indicator":{"licence":"ILO Terms of Use (attribution required)","slug":"average-hourly-labour-cost-per-employee-discontinued","source":"International Labour Organization","source_url":"https://ilostat.ilo.org/data/","title":"Average hourly labour cost per employee - Discontinued","unit":null},"observations":[{"date":"2008-01-01","value":2570.0},{"date":"2009-01-01","value":2650.0},{"date":"2010-01-01","value":2770.0},{"date":"2011-01-01","value":2950.0},{"date":"2012-01-01","value":3724.6},{"date":"2013-01-01","value":3370.0},{"date":"2014-01-01","value":3520.0},{"date":"2015-01-01","value":3800.0},{"date":"2016-01-01","value":4837.7},{"date":"2020-01-01","value":5847.0},{"date":"2021-01-01","value":6394.0},{"date":"2022-01-01","value":6852.0},{"date":"2023-01-01","value":7406.0},{"date":"2024-01-01","value":7943.0},{"date":"2025-01-01","value":8573.0}],"summary":{"latest_period":"2025-01-01","latest_value":8573.0,"max":8573.0,"mean":4880.49,"min":2570.0,"of":50,"rank":4,"trend":"rising"}}