Annual change of the unit labor costs in Belgium 2015-2021

This statistic shows the annual percentage change of the unit labor costs in Belgium from 2015 to 2018, with a forecast for 2019 to 2021. As of 2018, the annual percentage change of the unit labor costs was 1.8 percent. Furthermore, it was forecast that this percent change should remain increase to 5.1 percent in 2020. Such an increase ican be attributed to the coronavirus pandemic.

Annual percentage change of the unit labor costs in Belgium from 2015 to 2018, with a forecast for 2019 to 2021*

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Source

Release date

May 2020

Region

Belgium

Survey time period

2015 to 2021

Special properties

whole economy

Supplementary notes

* The source adds the following definition: "compensation of employees per head divided by labour productivity per head, defined as GDP in volume divided by total employment. Employment is based on numbers of persons and not FTE"

** Figures from 2019 onwards are forecast.

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