Labour cost index by NACE Rev. 1.1 activity - nominal value, annual in United Kingdom
United Kingdom: Labour cost index by NACE Rev. 1.1 activity - nominal value, annual was 145.1 Index, 2000=100 in 2008. ▲ Rising
Labour cost index by NACE Rev. 1.1 activity - nominal value, annual in United Kingdom, 1996–2008
Source: Eurostat. Measured in Index, 2000=100.
Analysis
In 2008, labour cost index by nace rev. 1.1 activity - nominal value, annual in United Kingdom stood at 145.1 Index, 2000=100. 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 Index, 2000=100 in 2008 and was at its lowest, 82.4 Index, 2000=100, 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 Rev. 1.1 activity - nominal value, annual in United Kingdom, year by year
| Year | Index, 2000=100 | Change |
|---|---|---|
| 1996 | 82.4 Index, 2000=100 | — |
| 1997 | 87.1 Index, 2000=100 | +5.7% |
| 1998 | 90.4 Index, 2000=100 | +3.8% |
| 1999 | 94.9 Index, 2000=100 | +5.0% |
| 2000 | 100 Index, 2000=100 | +5.4% |
| 2001 | 105.3 Index, 2000=100 | +5.3% |
| 2002 | 110.2 Index, 2000=100 | +4.7% |
| 2003 | 115.1 Index, 2000=100 | +4.4% |
| 2004 | 123.3 Index, 2000=100 | +7.1% |
| 2005 | 127.9 Index, 2000=100 | +3.7% |
| 2006 | 132.2 Index, 2000=100 | +3.4% |
| 2007 | 138.9 Index, 2000=100 | +5.1% |
| 2008 | 145.1 Index, 2000=100 | +4.5% |
United Kingdom compared with similar countries
- United Kingdom's 145.1 Index, 2000=100 is below the median for Europe & Central Asia, which is 175.1 Index, 2000=100, 83% of the median. (15 countries reporting)
- United Kingdom's 145.1 Index, 2000=100 is below the median for high income countries, which is 175.1 Index, 2000=100, 83% of the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 88.7 Index, 2000=100 | 82.4 Index, 2000=100 | 94.9 Index, 2000=100 | 4 |
| 2000s | 122 Index, 2000=100 | 100 Index, 2000=100 | 145.1 Index, 2000=100 | 9 |
Countries ranked near United Kingdom
- 12 Czechia 175.1 Index, 2000=100 compare
- 13 Slovenia 173.4 Index, 2000=100 compare
- 13 Slovenia 173.4 Index, 2000=100 compare
- 15 United Kingdom 145.1 Index, 2000=100 compare
- 17 Finland 137 Index, 2000=100 compare
- 18 Netherlands 133.2 Index, 2000=100 compare
- 18 Netherlands 133.2 Index, 2000=100 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 Index, 2000=100 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 Index, 2000=100 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 Index, 2000=100 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.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (Eurostat).