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 in 2024. ▲ Rising
Latest (2024)
118.8
Change on year
up 2.3%
World rank
36th
of 41 countries
All-time high
118.8
in 2024
All-time low
64.8
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.
Analysis
Belgium recorded 118.8 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 in 2024 and was at its lowest, 64.8, in 2000.
Belgium ranks 36th of 41 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 | Value | Change |
|---|---|---|
| 2000 | 64.8 | — |
| 2001 | 67 | +3.4% |
| 2002 | 69.5 | +3.7% |
| 2003 | 70.9 | +2.0% |
| 2004 | 72.8 | +2.7% |
| 2005 | 74.5 | +2.3% |
| 2006 | 76.3 | +2.4% |
| 2007 | 77.9 | +2.1% |
| 2008 | 80.7 | +3.6% |
| 2009 | 83.6 | +3.6% |
| 2010 | 86.4 | +3.3% |
| 2011 | 88.8 | +2.8% |
| 2012 | 91.1 | +2.6% |
| 2013 | 93 | +2.1% |
| 2014 | 93.7 | +0.8% |
| 2015 | 93.8 | +0.1% |
| 2016 | 93.9 | +0.1% |
| 2017 | 95 | +1.2% |
| 2018 | 96.5 | +1.6% |
| 2019 | 98.5 | +2.1% |
| 2020 | 100 | +1.5% |
| 2021 | 101.1 | +1.1% |
| 2022 | 107.2 | +6.0% |
| 2023 | 116.1 | +8.3% |
| 2024 | 118.8 | +2.3% |
Belgium compared with similar countries
- Belgium's 118.8 is below the median for Europe & Central Asia, which is 127.7, 93% of the median. (29 countries reporting)
- Belgium's 118.8 is below the median for high income countries, which is 127.5, 93% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 73.8 | 64.8 | 83.6 | 10 |
| 2010s | 93.07 | 86.4 | 98.5 | 10 |
| 2020s | 108.64 | 100 | 118.8 | 5 |
Countries ranked near Belgium
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 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 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 in 2000.
- How does Belgium rank for labour cost index by nace rev. 2 activity - nominal value, annual data?
- Belgium ranks 36th out of 41 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.
Download this data
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