Labour Costs in Finland increased to 115.25 points in the third quarter of 2023 from 113.59 points in the second quarter of 2023. Labour Costs in Finland averaged 76.67 points from 1975 until 2023, reaching an all time high of 115.25 points in the third quarter of 2023 and a record low of 28.40 points in the first quarter of 1975. source: European Central Bank

Labour Costs in Finland is expected to be 115.23 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Labour Costs is projected to trend around 119.31 points in 2025 and 122.05 points in 2026, according to our econometric models.

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Finland Labour Costs


Related Last Previous Unit Reference
Unemployment Rate 8.30 7.10 percent Jan 2024
Unemployed Persons 231.00 199.00 Thousand Jan 2024
Employed Persons 2561.00 2610.00 Thousand Jan 2024
Labor Force Participation Rate 67.30 67.80 percent Jan 2024
Long Term Unemployment Rate 1.60 1.60 percent Sep 2023
Youth Unemployment Rate 20.40 12.50 percent Jan 2024
Labour Costs 115.25 113.59 points Sep 2023
Job Vacancies 87149.00 44894.00 Jan 2024
Wages 3994.00 3974.00 EUR/Month Dec 2023
Wages in Manufacturing 116.60 115.80 points Dec 2023
Population 5.56 5.55 Million Dec 2022
Retirement Age Women 64.50 64.25 Years Dec 2024
Retirement Age Men 64.50 64.25 Years Dec 2024
Employment Rate 71.40 72.50 percent Jan 2024
Employment Change -0.50 -0.50 percent Dec 2023
Productivity 104.14 104.89 points Dec 2023
Part Time Employment 413.60 419.20 Thousand Sep 2023
Wage Growth 3.40 7.20 percent Sep 2023
Full Time Employment 2101.30 2138.40 Thousand Sep 2023
Wages Low Skilled 1980.00 2000.00 EUR/Month Dec 2018
Wages High Skilled 4250.00 4230.00 EUR/Month Dec 2018
Living Wage Individual 1160.00 1190.00 EUR/Month Dec 2018
Living Wage Family 1700.00 1780.00 EUR/Month Dec 2018

Finland Labour Costs
Actual Previous Highest Lowest Dates Unit Frequency
115.25 113.59 115.25 28.40 1975 - 2023 points Quarterly
2015=100, SA