Labour Costs in Spain increased to 99.40 points in the third quarter of 2020 from 96.10 points in the second quarter of 2020. source: National Statistics Institute (INE)

Labour Costs in Spain averaged 92.30 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 May of 2021.

Labour Costs in Spain is expected to be 101.61 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 100.89 in 12 months time. In the long-term, the Spain Labour Costs is projected to trend around 102.71 points in 2022 and 104.66 points in 2023, according to our econometric models.

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Spain Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
99.40 96.10 108.40 66.70 2000 - 2020 points Quarterly
2016=100, NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.98 16.13 26.94 4.41 percent [+]
Employed Persons 19206.80 19344.30 20510.60 10949.20 Thousand [+]
Unemployed Persons 3949.64 4008.79 5040.22 79.00 Thousand [+]
Unemployment Change -39.01 -59.15 461.00 -129.30 Thousand [+]
Part Time Employment 2696.10 2799.10 2951.50 572.70 Thousand [+]
Full Time Employment 16510.60 16545.20 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.00 4.10 13.60 1.50 percent [+]
Youth Unemployment Rate 37.70 39.60 55.90 17.20 percent [+]
Labour Costs 99.40 96.10 108.40 66.70 points [+]
Productivity 100.20 98.80 105.20 85.10 points [+]
Job Vacancies 26.72 36.62 541.53 14.47 Thousand [+]
Wages 2061.32 1859.12 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1108.33 1108.33 1108.33 485.71 EUR/Month [+]
Population 47.33 46.94 47.33 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 2525.41 2442.91 2755.15 1693.90 EUR/Month [+]
Wage Growth 6.60 0.60 9.03 -7.18 percent [+]
Labor Force Participation Rate 57.69 58.19 60.55 48.88 percent [+]
Employment Change 1.20 3.00 3.00 -7.50 percent [+]
Employment Rate 48.47 48.81 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.