Labour cost index by NACE Rev. 2 activity - country weights in Greece
Greece: Labour cost index by NACE Rev. 2 activity - country weights was 10.6 in 2024. ▼ Falling
Latest (2024)
10.6
Change on year
up 3.9%
World rank
23rd
of 42 countries
All-time high
17.9
in 2009
All-time low
10.2
in 2023
Years of data
17
2008–2024
Labour cost index by NACE Rev. 2 activity - country weights in Greece, 2008–2024
Source: Eurostat.
Analysis
Greece recorded 10.6 for labour cost index by nace rev. 2 activity - country weights in 2024.
The figure is up 3.9% on the previous year and down 12.4% over ten years.
Over the whole period, labour cost index by nace rev. 2 activity - country weights in Greece peaked at 17.9 in 2009 and was at its lowest, 10.2, in 2023.
Greece ranks 23rd of 42 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Labour cost index by NACE Rev. 2 activity - country weights in Greece, year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 17.3 | — |
| 2009 | 17.9 | +3.5% |
| 2010 | 16.8 | -6.1% |
| 2011 | 15 | -10.7% |
| 2012 | 13.5 | -10.0% |
| 2013 | 12.3 | -8.9% |
| 2014 | 12.1 | -1.6% |
| 2015 | 11.4 | -5.8% |
| 2016 | 11.3 | -0.9% |
| 2017 | 11 | -2.7% |
| 2018 | 10.9 | -0.9% |
| 2019 | 10.7 | -1.8% |
| 2020 | 10.7 | +0.0% |
| 2021 | 10.6 | -0.9% |
| 2022 | 10.5 | -0.9% |
| 2023 | 10.2 | -2.9% |
| 2024 | 10.6 | +3.9% |
Greece compared with similar countries
- Greece's 10.6 is below the median for Europe & Central Asia, which is 13.1, 81% of the median. (29 countries reporting)
- Greece's 10.6 is below the median for high income countries, which is 12.6, 84% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.6 | 17.3 | 17.9 | 2 |
| 2010s | 12.5 | 10.7 | 16.8 | 10 |
| 2020s | 10.52 | 10.2 | 10.7 | 5 |
Countries ranked near Greece
More work & labour data for Greece
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.6524 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.6597 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.6447 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -2.26 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate -0.3231 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 8,753 1000 No (2050)
- Population - Est. & Proj. — Rural population 1,228 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 3,061 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 3,215 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 6,276 1000 No (2100)
Frequently asked questions
- What is labour cost index by nace rev. 2 activity - country weights in Greece?
- Labour cost index by nace rev. 2 activity - country weights in Greece was 10.6 in 2024, according to Eurostat.
- What is the highest labour cost index by nace rev. 2 activity - country weights recorded in Greece?
- The highest recorded value was 17.9 in 2009.
- What is the lowest labour cost index by nace rev. 2 activity - country weights recorded in Greece?
- The lowest recorded value was 10.2 in 2023.
- How does Greece rank for labour cost index by nace rev. 2 activity - country weights?
- Greece ranks 23rd out of 42 countries with data for 2024.
- Is labour cost index by nace rev. 2 activity - country weights rising or falling in Greece?
- Over the last ten years it is down 12.4%. The long-run trend across the full record is falling.
- Where does this Greece 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.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).