Labour cost index by NACE Rev. 1.1 activity - nominal value in United Kingdom
United Kingdom: Labour cost index by NACE Rev. 1.1 activity - nominal value was 142 Index, 2000=100 in 2008. ▲ Rising
Labour cost index by NACE Rev. 1.1 activity - nominal value in United Kingdom, 1996–2008
Source: Eurostat. Measured in Index, 2000=100.
Analysis
United Kingdom recorded 142 Index, 2000=100 for labour cost index by nace rev. 1.1 activity - nominal value in 2008. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 5.8% on the previous year and up 59.2% over ten years.
Over the whole period, labour cost index by nace rev. 1.1 activity - nominal value in United Kingdom peaked at 142 Index, 2000=100 in 2008 and was at its lowest, 78.4 Index, 2000=100, in 1996.
That places United Kingdom 17th out of 24 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 in United Kingdom, year by year
| Year | Index, 2000=100 | Change |
|---|---|---|
| 1996 | 78.4 Index, 2000=100 | — |
| 1997 | 85.1 Index, 2000=100 | +8.5% |
| 1998 | 89.2 Index, 2000=100 | +4.8% |
| 1999 | 92.8 Index, 2000=100 | +4.0% |
| 2000 | 97.5 Index, 2000=100 | +5.1% |
| 2001 | 101.8 Index, 2000=100 | +4.4% |
| 2002 | 105.6 Index, 2000=100 | +3.7% |
| 2003 | 110.7 Index, 2000=100 | +4.8% |
| 2004 | 119.8 Index, 2000=100 | +8.2% |
| 2005 | 125.3 Index, 2000=100 | +4.6% |
| 2006 | 128.6 Index, 2000=100 | +2.6% |
| 2007 | 134.2 Index, 2000=100 | +4.4% |
| 2008 | 142 Index, 2000=100 | +5.8% |
United Kingdom compared with similar countries
- United Kingdom's 142 Index, 2000=100 is below the median for Europe & Central Asia, which is 183.25 Index, 2000=100, 77% of the median. (16 countries reporting)
- United Kingdom's 142 Index, 2000=100 is below the median for high income countries, which is 183.25 Index, 2000=100, 77% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 86.38 Index, 2000=100 | 78.4 Index, 2000=100 | 92.8 Index, 2000=100 | 4 |
| 2000s | 118.39 Index, 2000=100 | 97.5 Index, 2000=100 | 142 Index, 2000=100 | 9 |
Countries ranked near United Kingdom
- 15 Portugal 148 Index, 2000=100 compare
- 16 Luxembourg 143.8 Index, 2000=100 compare
- 17 United Kingdom 142 Index, 2000=100 compare
- 19 Finland 140.6 Index, 2000=100 compare
- 20 Netherlands 140.4 Index, 2000=100 compare
- 20 Netherlands 140.4 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 in United Kingdom?
- Labour cost index by nace rev. 1.1 activity - nominal value in United Kingdom was 142 Index, 2000=100 in 2008, according to Eurostat.
- What is the highest labour cost index by nace rev. 1.1 activity - nominal value recorded in United Kingdom?
- The highest recorded value was 142 Index, 2000=100 in 2008.
- What is the lowest labour cost index by nace rev. 1.1 activity - nominal value recorded in United Kingdom?
- The lowest recorded value was 78.4 Index, 2000=100 in 1996.
- How does United Kingdom rank for labour cost index by nace rev. 1.1 activity - nominal value?
- United Kingdom ranks 17th out of 24 countries with data for 2008.
- Is labour cost index by nace rev. 1.1 activity - nominal value rising or falling in United Kingdom?
- Over the last ten years it is up 59.2%. 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, quarterly data. Statizoid updates them automatically from the source API.
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