Labour Costs in Spain increased to 108.40 points in the fourth quarter of 2019 from 100.50 points in the third quarter of 2019.

Labour Costs in Spain averaged 92.05 points from 2000 until 2019, reaching an all time high of 108.40 points in the fourth quarter of 2019 and a record low of 66.70 points in the first quarter of 2000. This page provides - Spain Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Labour Costs - values, historical data and charts - was last updated on May of 2020. source: National Statistics Institute (INE)

Labour Costs in Spain is expected to be 101.66 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Spain to stand at 108.94 in 12 months time. In the long-term, the Spain Labour Costs is projected to trend around 108.27 points in 2021 and 110.32 points in 2022, according to our econometric models.

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Spain Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
108.40 100.50 108.40 66.70 2000 - 2019 points Quarterly
2016=100, NSA

Spain Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.41 13.78 26.94 4.41 percent [+]
Employed Persons 19681.30 19966.90 20510.60 10949.20 Thousand [+]
Unemployed Persons 3831.20 3548.31 5040.22 79.00 Thousand [+]
Unemployment Change 282.90 302.30 461.00 -129.30 Thousand [+]
Part Time Employment 2848.30 2944.80 2951.50 572.70 Thousand [+]
Full Time Employment 16833.00 17022.10 18488.00 11007.60 Thousand [+]
Long Term Unemployment Rate 5.10 5.20 13.60 1.50 percent [+]
Youth Unemployment Rate 33.10 30.90 55.90 17.20 percent [+]
Labour Costs 108.40 100.50 108.40 66.70 points [+]
Productivity 101.40 101.60 102.10 85.10 points [+]
Job Vacancies 14.47 29.61 541.53 14.47 Thousand [+]
Wages 2075.43 1876.95 2075.43 1264.36 EUR/Month [+]
Minimum Wages 1050.00 1050.00 1050.00 485.71 EUR/Month [+]
Population 46.94 46.66 46.94 30.33 Million [+]
Retirement Age Women 65.67 65.50 65.67 65.00 [+]
Retirement Age Men 65.67 65.50 65.67 65.00 [+]
Labor Force Participation Rate 58.18 58.74 60.55 48.88 percent [+]
Living Wage Family 1150.00 1120.00 1150.00 1060.00 EUR/Month [+]
Living Wage Individual 855.00 820.00 855.00 770.00 EUR/Month [+]
Wages High Skilled 1990.00 1990.00 2120.00 1990.00 EUR/Month [+]
Wages In Manufacturing 2466.09 2207.71 2466.09 1372.25 EUR/Month [+]
Wages Low Skilled 932.00 894.00 1150.00 894.00 EUR/Month [+]
Wage Growth -1.97 3.91 9.03 -7.18 percent [+]
Employment Change 0.80 0.10 1.60 -2.80 percent [+]
Employment Rate 63.60 64.71 67.18 54.91 percent [+]


Spain Labour Costs
In Spain, labour costs refer to total labour cost per worker and month, including salary, other benefits and social security.