Labour cost index by NACE Rev. 2 activity - country weights in Euro area - 19 countries (2015-2022)
Euro area - 19 countries (2015-2022): Labour cost index by NACE Rev. 2 activity - country weights was 863.8 in 2024. ▬ Flat
Latest (2024)
863.8
Change on year
down 0.5%
Rank
6th
of 6 regions
All-time high
895.5
in 2009
All-time low
863.8
in 2024
Years of data
17
2008–2024
Labour cost index by NACE Rev. 2 activity - country weights in Euro area - 19 countries (2015-2022), 2008–2024
Source: Eurostat.
Analysis
In 2024, labour cost index by nace rev. 2 activity - country weights in Euro area - 19 countries (2015-2022) stood at 863.8. That is the lowest value across all 17 years on record.
The figure is down 0.5% on the previous year and down 2.4% over ten years.
Over the whole period, labour cost index by nace rev. 2 activity - country weights in Euro area - 19 countries (2015-2022) peaked at 895.5 in 2009 and was at its lowest, 863.8, in 2024.
Labour cost index by NACE Rev. 2 activity - country weights in Euro area - 19 countries (2015-2022), year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 891 | — |
| 2009 | 895.5 | +0.5% |
| 2010 | 888.8 | -0.7% |
| 2011 | 886.3 | -0.3% |
| 2012 | 884.4 | -0.2% |
| 2013 | 883 | -0.2% |
| 2014 | 885.1 | +0.2% |
| 2015 | 883.8 | -0.1% |
| 2016 | 880.3 | -0.4% |
| 2017 | 879.8 | -0.1% |
| 2018 | 878.3 | -0.2% |
| 2019 | 875 | -0.4% |
| 2020 | 875.2 | +0.0% |
| 2021 | 870.6 | -0.5% |
| 2022 | 869.9 | -0.1% |
| 2023 | 867.8 | -0.2% |
| 2024 | 863.8 | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 893.25 | 891 | 895.5 | 2 |
| 2010s | 882.48 | 875 | 888.8 | 10 |
| 2020s | 869.46 | 863.8 | 875.2 | 5 |
Countries ranked near Euro area - 19 countries (2015-2022)
- 3 Germany 300.8 compare
- 4 United Kingdom of Great Britain and Northern Ireland 192.6 compare
- 4 United Kingdom 192.6 compare
- 6 France 175.1 compare
- 7 Italy 97.5 compare
- 8 Spain 81.8 compare
- 9 Netherlands 68.4 compare
- 9 Netherlands 68.4 compare
More work & labour data for Euro area - 19 countries (2015-2022)
- Population and employment - national accounts - quarterly data 348,876 Thousand persons (2026)
- Employment by main industry (NACE Rev.2) - national accounts 66.37 million Thousand hours worked (2026)
- Labour productivity and unit labour costs - quarterly data 104.4 Index, 2020=100 (2026)
- Population and employment - national accounts - annual data 348,375 Thousand persons (2025)
- Labour productivity and unit labour costs by industry 15.4 Euro (2025)
- Labour productivity and unit labour costs - annual data 52,141 Euro (2025)
- Employment by main industry (NACE Rev.2) - national accounts - annual 263.53 million Thousand hours worked (2025)
- Employment by detailed industry (NACE Rev.2) - national accounts 262.44 million Thousand hours worked (2024)
- Labour input in construction - quarterly data 104.9 Index, 2021=100 (2024)
- Labour input in wholesale and retail trade - quarterly data 103.4 Index, 2021=100 (2024)
Frequently asked questions
- What is labour cost index by nace rev. 2 activity - country weights in Euro area - 19 countries (2015-2022)?
- Labour cost index by nace rev. 2 activity - country weights in Euro area - 19 countries (2015-2022) was 863.8 in 2024, according to Eurostat.
- What is the highest labour cost index by nace rev. 2 activity - country weights recorded in Euro area - 19 countries (2015-2022)?
- The highest recorded value was 895.5 in 2009.
- What is the lowest labour cost index by nace rev. 2 activity - country weights recorded in Euro area - 19 countries (2015-2022)?
- The lowest recorded value was 863.8 in 2024.
- How does Euro area - 19 countries (2015-2022) rank for labour cost index by nace rev. 2 activity - country weights?
- Euro area - 19 countries (2015-2022) ranks 6th out of 6 regions with data for 2024.
- Is labour cost index by nace rev. 2 activity - country weights rising or falling in Euro area - 19 countries (2015-2022)?
- Over the last ten years it is down 2.4%. The long-run trend across the full record is flat.
- Where does this Euro area - 19 countries (2015-2022) data come from?
- The figures come from Eurostat, published as part of Labour cost index by NACE Rev. 2 activity - country weights. Statizoid updates them automatically from the source API.
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