Labour Costs in Spain increased to 116.81 points in the third quarter of 2024 from 109.63 points in the second quarter of 2024. Labour Costs in Spain averaged 86.18 points from 2000 until 2024, reaching an all time high of 116.81 points in the third quarter of 2024 and a record low of 53.18 points in the first quarter of 2000. source: National Statistics Institute (INE)

Labour Costs in Spain is expected to be 108.69 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Labour Costs is projected to trend around 121.05 points in 2026 and 123.11 points in 2027, according to our econometric models.




Related Last Previous Unit Reference
Employed Persons 21823.00 21684.70 Thousand Sep 2024
Employment Rate 52.42 52.26 percent Sep 2024
Full Time Employment 19029.10 18742.10 Thousand Sep 2024
Labor Force Participation Rate 59.04 58.90 percent Sep 2024
Labour Costs 116.81 109.63 points Sep 2024
Part Time Employment 2793.90 2942.60 Thousand Sep 2024
Population 48.59 48.09 Million Dec 2023
Unemployment Rate 11.21 11.27 percent Sep 2024
Wages 2205.43 2353.59 EUR/Month Sep 2024
Wages in Manufacturing 2517.75 2729.72 EUR/Month Sep 2024

Spain Labour Costs
In Spain, labour costs refer to total labour cost per worker and month, including salary, other benefits and social security.
Actual Previous Highest Lowest Dates Unit Frequency
116.81 109.63 116.81 53.18 2000 - 2024 points Quarterly
2020=100, NSA