Norway

Labor Cost Index

116.6
Jun 96Dec 97Jun 99Dec 00Jun 02Dec 03Jun 05Dec 06Jun 08Dec 09Jun 11Dec 12Jun 14Dec 15Jun 17Dec 18Sep 20Jun 220.00035.0070.00105.00140.00
  • Norway
  • Global Median
Source: IMF

Definition of Labor Cost Index

The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

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