Labour Costs in Belgium increased to 111.70 points in the second quarter of 2020 from 107.80 points in the first quarter of 2020. source: European Central Bank

Labour Costs in Belgium averaged 90.26 points from 1995 until 2020, reaching an all time high of 111.70 points in the second quarter of 2020 and a record low of 75.60 points in the third quarter of 1995. This page provides - Belgium Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Labour Costs - values, historical data and charts - was last updated on November of 2020.

Labour Costs in Belgium is expected to be 107.68 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Belgium to stand at 109.31 in 12 months time. In the long-term, the Belgium Labour Costs is projected to trend around 108.77 points in 2021 and 110.08 points in 2022, according to our econometric models.

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Belgium Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
111.70 107.80 111.70 75.60 1995 - 2020 points Quarterly
2010=100, SA

Belgium Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.10 11.00 5.00 percent [+]
Employed Persons 4122.40 4172.20 4177.90 3010.70 Thousand [+]
Unemployed Persons 308807.00 333852.00 533460.00 281099.00 [+]
Labor Force Participation Rate 68.60 68.90 69.60 63.60 percent [+]
Long Term Unemployment Rate 2.00 2.30 5.70 2.00 percent [+]
Youth Unemployment Rate 18.30 18.30 26.10 11.90 percent [+]
Labour Costs 111.70 107.80 111.70 75.60 points [+]
Job Vacancies 124404.00 129170.00 149180.00 70256.00 [+]
Minimum Wages 1625.72 1593.81 1625.72 1074.44 EUR/Month [+]
Wage Growth 0.40 3.40 6.80 -6.50 percent [+]
Population 11.46 11.40 11.46 9.13 Million [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Full Time Employment 3576.30 3562.40 3606.20 2643.50 Thousand [+]
Part Time Employment 1126.80 1203.30 1203.30 602.20 Thousand [+]
Wages 3558.00 3489.00 3558.00 2238.00 EUR/Month [+]
Wages In Manufacturing 102.90 129.20 129.20 72.50 points [+]
Employment Change -0.93 -0.24 1.80 -0.93 percent [+]
Employment Rate 64.20 65.10 65.80 55.70 percent [+]