Labour Costs in Spain decreased to 102.50 points in the first quarter of 2021 from 108.30 points in the fourth quarter of 2020. source: National Statistics Institute (INE)

Labour Costs in Spain averaged 92.61 points from 2000 until 2021, 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 July of 2021.

Labour Costs in Spain is expected to be 105.71 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 107.22 in 12 months time. In the long-term, the Spain Labour Costs is projected to trend around 115.89 points in 2022 and 118.21 points in 2023, according to our econometric models.

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Spain Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
102.50 108.30 108.40 66.70 2000 - 2021 points Quarterly
2016=100, NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 15.26 15.98 26.94 4.41 percent [+]
Employed Persons 19206.80 19344.30 20510.60 10949.20 Thousand [+]
Unemployed Persons 3614.34 3781.25 5040.22 79.00 Thousand [+]
Unemployment Change -166.91 -129.38 461.00 -166.91 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 6.30 5.70 13.60 1.50 percent [+]
Youth Unemployment Rate 36.90 38.00 55.90 17.20 percent [+]
Labour Costs 102.50 108.30 108.40 66.70 points [+]
Productivity 100.20 98.80 105.20 85.10 points [+]
Job Vacancies 59.48 55.46 541.53 14.47 Thousand [+]
Wages 1907.82 2061.32 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 66.00 65.83 66.00 65.00 [+]
Retirement Age Men 66.00 65.83 66.00 65.00 [+]
Labor Force Participation Rate 58.58 57.69 60.55 48.88 percent [+]
Wages In Manufacturing 2248.24 2442.35 2466.09 1372.25 EUR/Month [+]
Wage Growth 9.56 6.18 9.56 -7.18 percent [+]
Employment Change 1.00 1.20 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.