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 Labour cost index (Annual average growth rate - working days adjusted - Base 2020 - %)
Characteristic Description
Name Labour cost index (Annual average growth rate - working days adjusted - Base 2020 - %) by Economic activity (NACE Rev. 2) and Index components; Annual
Regularity Annual
Source Statistics Portugal, Labour Cost Index_Enterprise (Base 2020)
First available period 2009
Last available period 2023
Dimensions
  • Data reference period
  • Geographic localization (Portugal)
  • Economic activity (NACE Rev. 2)
  • Index components
Concepts
  • LABOUR COST:  The cost incurred by the employer in the employment of labour. It is divided into direct costs and indirect costs. Subsidies for the compensation of direct remuneration are deducted from the total cost.
  • REFERENCE PERIOD:  The length of time for which data are collected, e.g. a specific day, month or year.
  • ECONOMIC ACTIVITY:  Combination of resources such as labour, raw materials, equipment, etc., are joined, leading to the creation of specific goods or services. Regardless of the factors of production integrating the good or service produced, all activities generically imply an input of products (goods or services), a production process and an output of products (goods or services).
  • ENTERPRISE:  Legal entity (natural or legal person) that is an organisational unit producing goods or services, which benefits from a certain degree of autonomy in decision-making, especially for the allocation of its current resources. An enterprise carries out one or more activities at one or more locations.
Formule

[(Annual average in labour cost index on year n/ Annual average in labour cost index on year n-1)*100 - 100]

Measure unit (symbol) Percentage (%)
Power of 10  0
Observations
Last update date 12/02/2024


information presented in 4/3/2024