Labour Costs in Belgium decreased to 109.70 points in the first quarter of 2021 from 111.60 points in the fourth quarter of 2020. source: European Central Bank

Labour Costs in Belgium averaged 90.84 points from 1995 until 2021, 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 July 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
109.70 111.60 111.70 75.60 1995 - 2021 points Quarterly
2010=100, SA

Belgium Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.50 6.70 11.00 4.90 percent [+]
Employed Persons 4157.60 4146.30 4177.90 3010.70 Thousand [+]
Unemployed Persons 298805.00 305034.00 533460.00 281099.00 [+]
Labor Force Participation Rate 68.50 69.60 69.60 63.60 percent [+]
Long Term Unemployment Rate 2.80 2.70 5.70 2.00 percent [+]
Youth Unemployment Rate 19.00 19.00 26.10 12.10 percent [+]
Labour Costs 109.70 111.60 111.70 75.60 points [+]
Job Vacancies 141565.00 115553.00 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 3558.20 3589.20 3612.10 2643.50 Thousand [+]
Part Time Employment 1103.70 1141.80 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 0.07 0.35 1.80 -0.93 percent [+]
Employment Rate 64.50 65.10 65.80 55.70 percent [+]