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
27th
of 32 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

02550751001252000201220242000: 64.8 Index, 2020=1002001: 67 Index, 2020=1002002: 69.5 Index, 2020=1002003: 70.9 Index, 2020=1002004: 72.8 Index, 2020=1002005: 74.5 Index, 2020=1002006: 76.3 Index, 2020=1002007: 77.9 Index, 2020=1002008: 80.7 Index, 2020=1002009: 83.6 Index, 2020=1002010: 86.4 Index, 2020=1002011: 88.8 Index, 2020=1002012: 91.1 Index, 2020=1002013: 93 Index, 2020=1002014: 93.7 Index, 2020=1002015: 93.8 Index, 2020=1002016: 93.9 Index, 2020=1002017: 95 Index, 2020=1002018: 96.5 Index, 2020=1002019: 98.5 Index, 2020=1002020: 100 Index, 2020=1002021: 101.1 Index, 2020=1002022: 107.2 Index, 2020=1002023: 116.1 Index, 2020=1002024: 118.8 Index, 2020=100

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 27th of 32 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 25 years of available data.

Averages by decade

DecadeAverage LowestHighest 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

  1. 24 Luxembourg 120.6 Index, 2020=100 compare
  2. 25 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
  3. 26 Sweden 119.9 Index, 2020=100 compare
  4. 28 Finland 116.9 Index, 2020=100 compare
  5. 29 Spain 116.5 Index, 2020=100 compare
  6. 30 Denmark 115.3 Index, 2020=100 compare

See the full ranking of 36 places →

More work & labour data for Belgium

All data for Belgium →

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 27th out of 32 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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About this data

Indicator
Labour cost index by NACE Rev. 2 activity - nominal value, annual data
Unit
Index, 2020=100
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
36 places, 826 data points, 1996–2025
Last refreshed