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Unit labor costs
2021
2022
2023
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Annual change in %
Belgium
−0.7
6.3
7.1
8.7
7.3
6.5
5.9
1.7
2.2
Germany
−0.4
4.4
6.9
5.9
7.4
7.8
6.7
7.1
5.0
Estonia
2.0
13.1
15.2
21.1
14.9
14.2
11.2
9.5
8.8
Ireland
−5.9
1.0
16.8
13.7
14.9
19.3
19.7
13.2
10.4
Greece
−3.1
−0.4
4.5
3.4
3.9
5.2
5.6
5.1
3.4
Spain
0.6
2.2
6.2
4.0
6.8
7.4
6.6
5.4
3.6
France
0.6
4.6
4.3
5.0
5.1
4.1
3.2
2.6
3.0
Croatia
−4.5
6.7
14.3
12.3
12.9
18.1
14.6
11.5
15.8
Italy
−1.2
1.1
4.3
3.1
4.2
4.8
4.9
4.6
5.2
Cyprus
−3.4
4.1
3.8
4.1
4.7
3.4
3.2
3.4
3.3
Luxembourg
0.9
8.0
10.9
10.9
9.9
11.5
11.4
6.9
1.5
Latvia
−1.2
11.2
13.9
14.4
16.7
10.3
14.2
9.6
10.1
Lithuania
6.4
14.2
13.1
16.0
10.6
14.2
11.9
7.0
9.1
Malta
−5.3
4.4
0.2
1.8
0.1
0.0
−1.2
2.2
x
Netherlands
−1.8
2.5
7.9
6.0
9.3
8.5
7.7
8.3
6.5
Austria
0.2
2.4
9.7
6.6
10.7
10.9
10.3
9.9
9.3
Portugal
1.6
2.4
6.5
7.3
6.8
6.1
6.0
8.4
7.7
Slovenia
0.9
5.1
9.1
11.8
9.0
8.5
6.9
5.7
6.8
Slovak Republic
1.3
5.4
9.0
9.4
8.7
7.6
10.0
6.2
5.2
Finland
3.7
4.5
5.6
6.0
7.4
5.0
3.7
1.7
−2.1
Euro area
−0.5
3.4
6.5
5.6
6.9
7.0
6.3
5.7
4.7
Bulgaria
3.8
9.1
12.7
18.7
10.8
11.1
9.7
12.4
12.4
Czech Republic
3.0
5.0
7.9
8.9
8.7
7.8
6.4
6.3
4.6
Denmark
−1.8
4.9
2.0
3.2
3.7
2.6
−1.5
2.9
1.1
Hungary
2.6
14.1
15.7
12.9
20.6
15.3
14.4
12.1
11.8
Poland
0.7
7.3
13.4
15.1
15.1
10.9
12.6
12.0
7.5
Romania
1.6
9.8
13.4
13.2
11.4
13.1
16.7
19.6
19.5
Sweden
0.3
4.0
6.9
5.2
7.1
8.0
7.4
4.2
3.4
EU
−0.3
3.8
6.8
6.1
7.3
7.2
6.6
6.2
5.1
United Kingdom
−3.3
3.0
7.3
7.1
8.0
7.3
6.7
5.7
4.2
Norway
2.1
5.2
7.5
5.2
5.9
10.5
8.6
6.7
1.9
Switzerland
−1.0
2.6
2.8
1.3
3.5
3.5
2.9
2.7
1.8
U.S.A.
1
2.2
5.1
3.4
4.2
4.0
2.6
3.0
2.2
1.7
Japan
1
−0.7
1.2
−0.2
−0.7
0.1
0.0
−0.1
0.9
1.7
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
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
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 22.10.2024 18:52