DATA - Unit labor costs

Unit labor costs
	2023	2024	2025	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26

	Annual change in %

Belgium	5.3	3.7	3.1	2.9	2.9	2.8	2.1	1.5	x
Bulgaria	10.7	13.6	10.3	5.8	14.0	7.3	10.4	8.5	x
Germany	5.7	6.1	5.7	4.6	4.8	4.6	4.0	2.9	x
Estonia	12.5	8.2	4.9	4.0	3.7	2.6	3.0	4.2	x
Ireland	10.2	10.2	−3.4	−10.2	−5.1	0.8	2.6	22.8	x
Greece	3.6	4.8	3.1	2.4	3.2	3.3	0.3	1.4	x
Spain	4.2	4.2	5.0	4.1	4.1	4.2	4.4	4.1	3.7
France	3.3	2.4	2.1	2.2	1.7	1.7	0.6	1.4	x
Croatia	8.7	10.2	12.1	11.7	7.7	8.0	8.6	7.3	x
Italy	2.6	4.4	4.7	3.6	4.2	3.3	3.1	3.3	x
Cyprus	5.0	3.3	2.4	2.3	2.2	1.4	2.3	0.3	x
Luxembourg	6.6	6.2	5.7	6.6	6.0	3.5	3.7	3.3	x
Latvia	5.7	10.9	6.6	3.2	6.8	6.3	5.9	5.8	x
Lithuania	10.1	7.9	6.6	6.5	5.9	6.2	5.7	9.1	x
Malta	3.1	2.1	7.9	7.0	8.4	4.6	−2.1	5.1	x
Netherlands	6.3	7.2	5.6	4.6	3.9	4.2	3.7	2.7	x
Austria	5.8	9.0	4.6	4.2	3.0	2.3	2.4	1.0	x
Portugal	6.0	6.6	6.8	5.5	6.2	4.8	4.7	4.6	x
Slovenia	6.9	5.5	7.5	8.6	7.3	6.2	3.4	4.8	x
Slovak Republic	5.8	7.0	6.3	3.5	8.3	4.4	4.7	4.4	x
Finland	4.7	0.9	2.0	1.8	2.6	1.8	2.0	1.6	x
Euro area	4.6	5.2	4.3	3.2	3.5	3.5	3.1	3.5	x



Czech Republic	6.9	5.5	5.3	3.6	4.6	3.6	4.9	6.1	x
Denmark	3.3	1.5	1.0	1.1	2.0	0.0	0.3	−3.3	x
Hungary	12.9	12.8	11.8	9.4	8.7	8.6	9.0	14.8	x
Poland	10.9	10.4	5.9	5.0	4.9	3.3	4.1	3.7	x
Romania	11.7	19.1	7.0	8.6	3.6	1.1	1.8	2.3	x
Sweden	5.2	3.6	−0.2	2.1	−1.6	−0.8	−0.6	0.9	x
EU	5.0	5.5	4.2	3.4	3.5	3.2	2.9	3.5	x



United Kingdom	4.9	4.6	7.4	5.8	6.0	6.3	4.8	4.1	x
Norway	3.8	5.3	5.0	4.9	6.5	2.6	1.4	2.5	x
Switzerland	1.6	2.2	0.0	−1.9	−0.8	1.9	−0.3	0.1	x
U.S.A.¹	2.1	2.8	3.4	3.2	2.3	2.4	2.6	1.6	x
Japan¹	0.8	3.0	3.7	2.5	2.0	2.9	3.0	3.1	x

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.