Labour Costs in Belgium increased to 124.90 points in the third quarter of 2023 from 122.80 points in the second quarter of 2023. Labour Costs in Belgium averaged 93.07 points from 1995 until 2023, reaching an all time high of 124.90 points in the third quarter of 2023 and a record low of 75.60 points in the third quarter of 1995. source: European Central Bank

Labour Costs in Belgium is expected to be 130.38 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belgium Labour Costs is projected to trend around 132.24 points in 2025 and 134.88 points in 2026, according to our econometric models.

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Belgium Labour Costs


Related Last Previous Unit Reference
Unemployment Rate 5.70 5.60 percent Dec 2023
Unemployed Persons 521411.00 513132.00 Jan 2024
Employed Persons 4341.10 4330.10 Thousand Sep 2023
Labor Force Participation Rate 70.80 69.70 percent Sep 2023
Long Term Unemployment Rate 1.90 2.30 percent Sep 2023
Youth Unemployment Rate 20.00 20.00 percent Dec 2023
Labour Costs 124.90 122.80 points Sep 2023
Job Vacancies 198724.00 194957.00 Sep 2023
Minimum Wages 1994.18 1955.04 EUR/Month Mar 2024
Wage Growth 6.33 9.03 percent Sep 2023
Population 11.74 11.62 Million Dec 2023
Retirement Age Women 65.00 65.00 Years Dec 2024
Retirement Age Men 65.00 65.00 Years Dec 2024
Productivity 102.24 101.94 points Dec 2023
Wages in Manufacturing 114.00 135.30 points Sep 2023
Part Time Employment 1121.70 1178.80 Thousand Sep 2023
Full Time Employment 3852.70 3723.00 Thousand Sep 2023
Employment Rate 66.80 65.90 percent Sep 2023
Employment Change 0.25 0.14 percent Sep 2023
Living Wage Individual 1090.00 1110.00 EUR/Month Dec 2018
Living Wage Family 1580.00 1600.00 EUR/Month Dec 2018
Wages Low Skilled 1890.00 1870.00 EUR/Month Dec 2018
Wages High Skilled 3050.00 3090.00 EUR/Month Dec 2018
Wages 3558.00 3489.00 EUR/Month Dec 2017

Belgium Labour Costs
Actual Previous Highest Lowest Dates Unit Frequency
124.90 122.80 124.90 75.60 1995 - 2023 points Quarterly
2015=100, SA