Sweden

Labor Cost Index

116
Source: IMF

Global Ranking

41
Samoa119.38
42
Thailand118.26
43
Russia117.09
44
Norway116.6
45
Luxembourg116.3
46
Sweden116
46
Germany116
49
Mongolia114.6
50
Montenegro113.67
51
Taiwan113.26

Europe Ranking

24
Ireland121.6
25
Portugal120.8
26
Greece120.4
27
Norway116.6
28
Luxembourg116.3
29
Germany116
29
Sweden116
32
Montenegro113.67
33
Malta112.9
33
Belgium112.9

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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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