Labour cost index by NACE: nominal value, annual data … 1.1 annual in United Kingdom
United Kingdom: Labour cost index by NACE: nominal value, annual data … 1.1 annual was 145.1 in 2008. ▲ Rising
Labour cost index by NACE Rev. 1.1 activity - nominal value, annual in United Kingdom, 1996–2008
Source: Eurostat.
Analysis
In 2008, labour cost index by nace rev. 1.1 activity - nominal value, annual in United Kingdom stood at 145.1. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 60.5% over ten years.
Over the whole period, labour cost index by nace rev. 1.1 activity - nominal value, annual in United Kingdom peaked at 145.1 in 2008 and was at its lowest, 82.4, in 1996.
That places United Kingdom 15th out of 22 countries with data for 2008, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Labour cost index by NACE: nominal value, annual data … 1.1 annual in United Kingdom, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 82.4 | — |
| 1997 | 87.1 | +5.7% |
| 1998 | 90.4 | +3.8% |
| 1999 | 94.9 | +5.0% |
| 2000 | 100 | +5.4% |
| 2001 | 105.3 | +5.3% |
| 2002 | 110.2 | +4.7% |
| 2003 | 115.1 | +4.4% |
| 2004 | 123.3 | +7.1% |
| 2005 | 127.9 | +3.7% |
| 2006 | 132.2 | +3.4% |
| 2007 | 138.9 | +5.1% |
| 2008 | 145.1 | +4.5% |
United Kingdom compared with similar countries
- United Kingdom's 145.1 is below the median for Europe & Central Asia, which is 175.1, 83% of the median. (15 countries reporting)
- United Kingdom's 145.1 is below the median for high income countries, which is 175.1, 83% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 88.7 | 82.4 | 94.9 | 4 |
| 2000s | 122 | 100 | 145.1 | 9 |
Countries ranked near United Kingdom
- 12 Czechia 175.1 compare
- 13 Slovenia 173.4 compare
- 13 Slovenia 173.4 compare
- 15 United Kingdom 145.1 compare
- 17 Finland 137 compare
- 18 Netherlands 133.2 compare
- 18 Netherlands 133.2 compare
More work & labour data for United Kingdom
- Persons outside the labour force (ILO modelled estimates) 22,956 (2027)
- Labour force participation rate (ILO modelled estimates) 60.91 (2027)
- Labour force (ILO modelled estimates) 35,770 (2027)
- Unemployment rate (ILO modelled estimates) 4.93 (2027)
- Labour dependency ratio 1.07 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 111,361 (2027)
- Output per worker, GDP constant 2015 US $ 100,223 (2027)
- Employment-to-population ratio (ILO modelled estimates) 57.91 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 1.47 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.4352 % change on previous year (2027)
Frequently asked questions
- What is labour cost index by nace rev. 1.1 activity - nominal value, annual in United Kingdom?
- Labour cost index by nace rev. 1.1 activity - nominal value, annual in United Kingdom was 145.1 in 2008, according to Eurostat.
- What is the highest labour cost index by nace rev. 1.1 activity - nominal value, annual recorded in United Kingdom?
- The highest recorded value was 145.1 in 2008.
- What is the lowest labour cost index by nace rev. 1.1 activity - nominal value, annual recorded in United Kingdom?
- The lowest recorded value was 82.4 in 1996.
- How does United Kingdom rank for labour cost index by nace rev. 1.1 activity - nominal value, annual?
- United Kingdom ranks 15th out of 22 countries with data for 2008.
- Is labour cost index by nace rev. 1.1 activity - nominal value, annual rising or falling in United Kingdom?
- Over the last ten years it is up 60.5%. The long-run trend across the full record is rising.
- Where does this United Kingdom data come from?
- The figures come from Eurostat, published as part of Labour cost index by NACE Rev. 1.1 activity - nominal value, annual data. Statizoid updates them automatically from the source API.
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