Labour cost index by NACE Rev. 2 activity - nominal value, annual data in Belgium
Belgium: Labour cost index by NACE Rev. 2 activity - nominal value, annual data was 118.8 Index, 2020=100 in 2024. ▲ Rising
Latest (2024)
118.8 Index, 2020=100
Change on year
up 2.3%
World rank
35th
of 40 countries
All-time high
118.8 Index, 2020=100
in 2024
All-time low
64.8 Index, 2020=100
in 2000
Years of data
25
2000–2024
Labour cost index by NACE Rev. 2 activity - nominal value, annual data in Belgium, 2000–2024
Source: Eurostat. Measured in Index, 2020=100.
Analysis
Belgium recorded 118.8 Index, 2020=100 for labour cost index by nace rev. 2 activity - nominal value, annual data in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 2.3% on the previous year and up 26.8% over ten years.
Over the whole period, labour cost index by nace rev. 2 activity - nominal value, annual data in Belgium peaked at 118.8 Index, 2020=100 in 2024 and was at its lowest, 64.8 Index, 2020=100, in 2000.
Belgium ranks 35th of 40 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Labour cost index by NACE Rev. 2 activity - nominal value, annual data in Belgium, year by year
| Year | Index, 2020=100 | Change |
|---|---|---|
| 2000 | 64.8 Index, 2020=100 | — |
| 2001 | 67 Index, 2020=100 | +3.4% |
| 2002 | 69.5 Index, 2020=100 | +3.7% |
| 2003 | 70.9 Index, 2020=100 | +2.0% |
| 2004 | 72.8 Index, 2020=100 | +2.7% |
| 2005 | 74.5 Index, 2020=100 | +2.3% |
| 2006 | 76.3 Index, 2020=100 | +2.4% |
| 2007 | 77.9 Index, 2020=100 | +2.1% |
| 2008 | 80.7 Index, 2020=100 | +3.6% |
| 2009 | 83.6 Index, 2020=100 | +3.6% |
| 2010 | 86.4 Index, 2020=100 | +3.3% |
| 2011 | 88.8 Index, 2020=100 | +2.8% |
| 2012 | 91.1 Index, 2020=100 | +2.6% |
| 2013 | 93 Index, 2020=100 | +2.1% |
| 2014 | 93.7 Index, 2020=100 | +0.8% |
| 2015 | 93.8 Index, 2020=100 | +0.1% |
| 2016 | 93.9 Index, 2020=100 | +0.1% |
| 2017 | 95 Index, 2020=100 | +1.2% |
| 2018 | 96.5 Index, 2020=100 | +1.6% |
| 2019 | 98.5 Index, 2020=100 | +2.1% |
| 2020 | 100 Index, 2020=100 | +1.5% |
| 2021 | 101.1 Index, 2020=100 | +1.1% |
| 2022 | 107.2 Index, 2020=100 | +6.0% |
| 2023 | 116.1 Index, 2020=100 | +8.3% |
| 2024 | 118.8 Index, 2020=100 | +2.3% |
Belgium compared with similar countries
- Belgium's 118.8 Index, 2020=100 is below the median for Europe & Central Asia, which is 127.7 Index, 2020=100, 93% of the median. (29 countries reporting)
- Belgium's 118.8 Index, 2020=100 is below the median for high income countries, which is 127.5 Index, 2020=100, 93% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 73.8 Index, 2020=100 | 64.8 Index, 2020=100 | 83.6 Index, 2020=100 | 10 |
| 2010s | 93.07 Index, 2020=100 | 86.4 Index, 2020=100 | 98.5 Index, 2020=100 | 10 |
| 2020s | 108.64 Index, 2020=100 | 100 Index, 2020=100 | 118.8 Index, 2020=100 | 5 |
Countries ranked near Belgium
- 32 Luxembourg 120.7 Index, 2020=100 compare
- 33 Euro area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023, EA21-2026) 120.1 Index, 2020=100 compare
- 34 Sweden 119.9 Index, 2020=100 compare
- 36 Finland 116.9 Index, 2020=100 compare
- 37 Spain 116.5 Index, 2020=100 compare
- 38 Denmark 115.3 Index, 2020=100 compare
More work & labour data for Belgium
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.1652 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.1676 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.1614 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.59 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.1395 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 12,349 1000 No (2050)
- Population - Est. & Proj. — Rural population 139 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 5,498 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 5,563 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 11,061 1000 No (2100)
Frequently asked questions
- What is labour cost index by nace rev. 2 activity - nominal value, annual data in Belgium?
- Labour cost index by nace rev. 2 activity - nominal value, annual data in Belgium was 118.8 Index, 2020=100 in 2024, according to Eurostat.
- What is the highest labour cost index by nace rev. 2 activity - nominal value, annual data recorded in Belgium?
- The highest recorded value was 118.8 Index, 2020=100 in 2024.
- What is the lowest labour cost index by nace rev. 2 activity - nominal value, annual data recorded in Belgium?
- The lowest recorded value was 64.8 Index, 2020=100 in 2000.
- How does Belgium rank for labour cost index by nace rev. 2 activity - nominal value, annual data?
- Belgium ranks 35th out of 40 countries with data for 2024.
- Is labour cost index by nace rev. 2 activity - nominal value, annual data rising or falling in Belgium?
- Over the last ten years it is up 26.8%. The long-run trend across the full record is rising.
- Where does this Belgium data come from?
- The figures come from Eurostat, published as part of Labour cost index by NACE Rev. 2 activity - nominal value, annual data. Statizoid updates them automatically from the source API.
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