Labour Costs in Finland increased to 99.40 points in the fourth quarter of 2019 from 98.11 points in the third quarter of 2019.

Labour Costs in Finland averaged 73.93 points from 1975 until 2019, reaching an all time high of 100.53 points in the first quarter of 2015 and a record low of 28.40 points in the first quarter of 1975. This page provides - Finland Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Labour Costs - values, historical data and charts - was last updated on May of 2020. source: European Central Bank

Labour Costs in Finland is expected to be 100.44 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Finland to stand at 101.59 in 12 months time. In the long-term, the Finland Labour Costs is projected to trend around 103.52 points in 2021 and 106.62 points in 2022, according to our econometric models.

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Finland Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
99.40 98.11 100.53 28.40 1975 - 2019 points Quarterly
2010=100, SA

Finland Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 7.30 19.90 0.70 percent [+]
Employed Persons 2464.00 2516.00 2688.00 1942.00 Thousand [+]
Unemployed Persons 217.00 197.00 512.00 15.00 Thousand [+]
Labor Force Participation Rate 65.70 65.60 73.80 62.00 percent [+]
Long Term Unemployment Rate 1.30 1.20 5.50 1.10 percent [+]
Youth Unemployment Rate 25.20 25.80 51.90 3.20 percent [+]
Labour Costs 99.40 98.11 100.53 28.40 points [+]
Job Vacancies 64743.00 93997.00 96096.00 2624.00 [+]
Wages 3548.00 3540.00 3548.00 2009.00 EUR/Month [+]
Wages in Manufacturing 104.40 104.00 104.40 40.60 points [+]
Population 5.53 5.52 5.53 4.41 Million [+]
Retirement Age Women 63.00 63.00 63.00 63.00 [+]
Retirement Age Men 63.00 63.00 63.00 63.00 [+]
Part Time Employment 395.20 358.60 402.40 225.90 Thousand [+]
Wages High Skilled 4250.00 4230.00 4250.00 3650.00 EUR/Month [+]
Wage Growth 2.20 3.50 8.50 -2.30 percent [+]
Productivity 104.20 104.60 105.10 62.10 points [+]
Living Wage Family 1700.00 1780.00 1780.00 1650.00 EUR/Month [+]
Living Wage Individual 1160.00 1190.00 1190.00 1100.00 EUR/Month [+]
Full Time Employment 2077.90 2160.80 2243.80 1868.00 Thousand [+]
Employment Change 0.50 -0.40 1.80 -2.60 percent [+]
Employment Rate 71.30 71.30 79.60 56.80 percent [+]
Wages Low Skilled 1980.00 2000.00 2000.00 1580.00 EUR/Month [+]