Labour Costs in Spain decreased to 101.10 points in the first quarter of 2020 from 108.40 points in the fourth quarter of 2019.

Labour Costs in Spain averaged 92.16 points from 2000 until 2020, reaching an all time high of 108.40 points in the fourth quarter of 2019 and a record low of 66.70 points in the first quarter of 2000. This page provides - Spain Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Labour Costs - values, historical data and charts - was last updated on August of 2020. source: National Statistics Institute (INE)

Labour Costs in Spain is expected to be 97.89 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Spain to stand at 102.11 in 12 months time. In the long-term, the Spain Labour Costs is projected to trend around 108.27 points in 2021 and 110.32 points in 2022, according to our econometric models.

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Spain Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
101.10 108.40 108.40 66.70 2000 - 2020 points Quarterly
2016=100, NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.33 14.41 26.94 4.41 percent [+]
Employed Persons 18607.20 19681.30 20510.60 10949.20 Thousand [+]
Unemployed Persons 3862.88 3857.78 5040.22 79.00 Thousand [+]
Unemployment Change -89.80 5.10 461.00 -129.30 Thousand [+]
Part Time Employment 2486.10 2848.30 2951.50 572.70 Thousand [+]
Full Time Employment 16121.10 16833.00 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.10 5.10 13.60 1.50 percent [+]
Youth Unemployment Rate 40.80 39.10 55.90 17.20 percent [+]
Labour Costs 101.10 108.40 108.40 66.70 points [+]
Productivity 105.20 101.40 105.20 85.10 points [+]
Job Vacancies 47.29 30.48 541.53 14.47 Thousand [+]
Wages 1889.78 2075.43 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1050.00 1050.00 1050.00 485.71 EUR/Month [+]
Population 46.94 46.66 46.94 30.33 Million [+]
Retirement Age Women 65.83 65.67 65.83 65.00 [+]
Retirement Age Men 65.83 65.67 65.83 65.00 [+]
Wages In Manufacturing 2466.09 2207.71 2466.09 1372.25 EUR/Month [+]
Wage Growth -1.55 -1.97 9.03 -7.18 percent [+]
Labor Force Participation Rate 55.54 58.18 60.55 48.88 percent [+]
Employment Change -1.00 0.80 1.60 -2.80 percent [+]
Employment Rate 47.03 49.80 54.73 38.36 percent [+]


Spain Labour Costs
In Spain, labour costs refer to total labour cost per worker and month, including salary, other benefits and social security.