Labour Costs in Greece increased to 93.50 Index Points in the fourth quarter of 2018 from 78.30 Index Points in the third quarter of 2018. Labour Costs in Greece averaged 80.81 Index Points from 1995 until 2018, reaching an all time high of 107.40 Index Points in the fourth quarter of 2009 and a record low of 48.50 Index Points in the first quarter of 1995.
Labour Costs in Greece is expected to be 89.10 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Greece to stand at 96.20 in 12 months time. In the long-term, the Greece Unit Labour Costs is projected to trend around 97.00 Index Points in 2020, according to our econometric models.