Labour Costs in Germany decreased to 111.56 points in the third quarter of 2020 from 117.18 points in the second quarter of 2020. source: Deutsche Bundesbank

Labour Costs in Germany averaged 90.31 points from 1991 until 2020, reaching an all time high of 117.18 points in the second quarter of 2020 and a record low of 71.06 points in the first quarter of 1991. This page provides the latest reported value for - Germany Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Labour Costs - values, historical data and charts - was last updated on January of 2021.

Labour Costs in Germany is expected to be 119.58 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Germany to stand at 118.38 in 12 months time. In the long-term, the Germany Labour Costs is projected to trend around 121.98 points in 2021 and 112.09 points in 2022, according to our econometric models.

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Germany Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
111.56 117.18 117.18 71.06 1991 - 2020 points Quarterly
SA, 2010=100

Germany Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.50 11.50 0.40 percent [+]
Employed Persons 44507.00 44596.00 45244.00 37643.00 Thousand [+]
Unemployed Persons 2707.24 2699.13 5288.25 84.97 Thousand [+]
Unemployment Change -37.00 -40.00 370.00 -96.00 Thousand [+]
Long Term Unemployment Rate 1.10 1.20 6.30 1.10 percent [+]
Youth Unemployment Rate 6.10 6.20 15.90 5.70 percent [+]
Labour Costs 111.56 117.18 117.18 71.06 points [+]
Productivity 100.20 99.10 106.10 17.00 points [+]
Job Vacancies 581.23 600.50 891.70 57.80 Thousand [+]
Wages 3978.00 3868.00 4035.00 1832.00 EUR/Month [+]
Wages in Manufacturing 101.70 101.50 167.80 7.70 points [+]
Wage Growth -1.30 -4.70 6.00 -4.70 percent [+]
Minimum Wages 9.35 9.19 9.35 8.50 EUR/Hour [+]
Population 83.20 82.85 83.20 72.54 Million [+]
Retirement Age Women 65.75 65.67 65.75 65.00 [+]
Retirement Age Men 65.75 65.67 65.75 65.00 [+]
Labor Force Participation Rate 62.60 62.00 62.60 56.90 percent [+]
Part Time Employment 11138.90 11230.10 11230.90 6330.60 Thousand [+]
Employment Change -1.40 0.00 0.90 -1.40 percent [+]
Employment Rate 76.40 75.80 77.00 63.60 percent [+]
Full Time Employment 30459.60 29922.00 30459.60 26748.40 Thousand [+]