Labour Costs in Belgium increased to 111.60 points in the fourth quarter of 2020 from 110.80 points in the third quarter of 2020. source: European Central Bank

Labour Costs in Belgium averaged 90.66 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 May of 2021.

Labour Costs in Belgium is expected to be 119.53 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 123.08 in 12 months time. In the long-term, the Belgium Labour Costs is projected to trend around 123.08 points in 2022 and 110.08 points in 2023, according to our econometric models.

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Belgium Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
111.60 110.80 111.70 75.60 1995 - 2020 points Quarterly
2010=100, SA

Belgium Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 5.70 11.00 4.90 percent [+]
Employed Persons 4146.30 4137.50 4177.90 3010.70 Thousand [+]
Unemployed Persons 306917.00 315044.00 533460.00 281099.00 [+]
Labor Force Participation Rate 68.50 69.60 69.60 63.60 percent [+]
Long Term Unemployment Rate 2.30 2.00 5.70 2.00 percent [+]
Youth Unemployment Rate 14.40 14.40 26.10 11.90 percent [+]
Labour Costs 111.60 110.80 111.70 75.60 points [+]
Job Vacancies 115553.00 131378.00 149180.00 70256.00 [+]
Minimum Wages 1625.72 1625.72 1625.72 1074.44 EUR/Month [+]
Wage Growth -1.50 -2.80 6.80 -7.80 percent [+]
Population 11.52 11.46 11.52 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 3589.20 3612.10 3612.10 2643.50 Thousand [+]
Part Time Employment 1141.80 1150.50 1203.30 602.20 Thousand [+]
Wages 3558.00 3489.00 3558.00 2238.00 EUR/Month [+]
Wages In Manufacturing 127.10 94.90 129.30 72.50 points [+]
Employment Change 0.35 0.23 1.80 -0.93 percent [+]
Employment Rate 64.50 65.10 65.80 55.70 percent [+]