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Unit labor costs
2022
2023
2024
Q3 23
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Annual change in %
Belgium
5.1
7.5
2.2
7.4
6.8
2.2
3.4
2.0
1.2
Germany
4.4
6.9
5.6
7.8
6.7
7.1
5.6
5.2
4.8
Estonia
13.1
15.2
6.2
14.2
11.2
9.0
8.2
5.1
2.4
Ireland
1.0
16.8
5.3
19.3
19.7
13.0
9.3
2.0
−3.0
Greece
−1.5
2.5
4.9
3.4
3.5
6.4
6.0
3.8
3.5
Spain
2.2
6.2
4.0
7.4
6.6
5.4
3.6
3.4
3.8
France
4.6
4.3
2.6
3.9
3.2
2.8
3.5
2.0
2.1
Croatia
6.7
14.3
13.7
18.1
14.6
11.5
15.8
13.8
13.5
Italy
0.9
4.2
4.3
4.7
4.5
4.1
4.5
4.8
3.7
Cyprus
4.1
3.8
3.2
3.4
3.4
3.3
3.3
2.0
4.0
Luxembourg
9.3
5.3
2.3
5.0
5.1
6.1
1.2
2.3
−0.1
Latvia
11.2
12.6
8.5
9.5
14.1
10.9
9.6
9.8
4.3
Lithuania
14.2
13.1
7.5
14.2
11.9
7.0
9.1
7.9
6.2
Malta
5.6
2.3
5.0
2.7
0.4
2.0
1.5
5.6
10.9
Netherlands
2.5
7.9
6.3
8.5
7.7
8.3
6.5
5.3
5.3
Austria
2.1
8.8
9.7
9.9
10.2
11.1
10.0
9.4
8.6
Portugal
2.4
6.4
7.7
6.0
5.9
8.3
8.2
8.7
5.8
Slovenia
5.1
9.1
4.7
8.5
6.9
4.8
5.5
4.9
3.7
Slovak Republic
7.3
8.7
4.6
7.3
9.8
5.7
5.3
4.8
2.6
Finland
5.2
5.3
0.1
5.0
3.4
2.0
−0.2
−1.1
−0.2
Euro area
3.4
6.4
4.6
7.0
6.3
5.8
5.1
4.2
3.6
Bulgaria
10.5
12.9
9.1
11.4
10.1
12.5
12.5
9.7
0.8
Czech Republic
5.0
7.9
5.1
7.8
6.4
6.5
4.8
4.3
4.9
Denmark
4.9
2.0
1.4
2.6
−1.5
2.8
0.5
0.8
1.6
Hungary
14.1
15.7
12.2
15.3
14.4
12.1
11.9
13.8
11.0
Poland
7.7
13.2
9.4
11.3
10.4
11.8
7.3
9.1
9.3
Romania
9.8
13.4
18.4
13.1
16.7
19.6
19.5
18.9
14.9
Sweden
4.0
6.7
3.4
7.8
7.2
5.6
4.3
2.5
1.2
EU
3.8
6.8
5.0
7.2
6.5
6.3
5.3
4.5
3.8
United Kingdom
2.6
7.7
3.7
7.5
6.9
4.9
3.1
3.0
3.7
Norway
4.8
7.8
3.1
11.4
8.1
5.9
1.2
1.9
4.0
Switzerland
2.6
2.8
1.7
3.5
2.8
2.9
2.2
1.1
0.7
U.S.A.
1
4.4
2.7
3.1
1.9
2.6
3.8
3.0
2.7
3.0
Japan
1
1.0
0.1
3.9
0.4
0.3
3.3
4.5
3.5
4.2
Source:
ECB
, Macrobond.
Sources of international organizations are used in this area to facilitate comparison. As a consequence, the data for Austria may deviate from those shown in the other sections.
1
seasonal adjusted.
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Years
from
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
to
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Quarters
from
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
1
2
3
4
to
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
1
2
3
4
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Last update on 26.03.2025 18:24
