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Annual change of the unit labor costs in Luxembourg 2016-2021

This statistic shows the annual percentage change of the unit labor costs in Luxembourg from 2016 to 2018, with a forecast for 2019 to 2021. As of 2018, the annual percentage change of the unit labor costs was 3.9 percent. As a result of the coronavirus pandemic, a sharp increase in the annual percentage was forecast in 2020, where it was expected to reach 8.5 percent.

Annual percentage change of the unit labor costs in Luxembourg from 2016 to 2018, with a forecast for 2019 to 2021*

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Source

Release date

May 2020

Region

Luxembourg

Survey time period

2016 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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