Belgium Labour Cost Index (2024)
Belgium's Labour Cost Index: 118.8 Index (2016=100) in 2024, +2.3% YoY. Eurostat (LC_LCI_R2_A), 2008–2024.
Belgium (2024)
118.8
Index (2016=100)
+2.3% YoY
YoY Change
+2.3%
Index (2016=100)
Trend
up
Series length
17
years of data
Data
| Year | Index (2016=100) | YoY Change |
|---|---|---|
| 2024 | 118.8 | +2.3% |
| 2023 | 116.1 | +8.3% |
| 2022 | 107.2 | +6.0% |
| 2021 | 101.1 | +1.1% |
| 2020 | 100 | +1.5% |
| 2019 | 98.5 | +2.1% |
| 2018 | 96.5 | +1.6% |
| 2017 | 95 | +1.2% |
| 2016 | 93.9 | +0.1% |
| 2015 | 93.8 | +0.1% |
| 2014 | 93.7 | +0.8% |
| 2013 | 93 | +2.1% |
| 2012 | 91.1 | +2.6% |
| 2011 | 88.8 | +2.8% |
| 2010 | 86.4 | +3.3% |
| 2009 | 83.6 | +3.6% |
| 2008 | 80.7 | n/a |
About this Dataset
Belgium recorded 118.8 Index (2016=100) in 2024. The latest change was +2.7. Across 2008–2024 the series ranges from 80.7 in 2008 to 118.8 in 2024.
This page tracks the nominal labour cost index (wages + non-wage costs) across the business economy (NACE B-S) in Belgium from 2008 to present, indexed to 2016=100. Labour costs are the primary driver of service-sector inflation and manufacturing location decisions.
Data sourced from Eurostat via SDMX REST API. Values use harmonised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks the nominal labour cost index (wages + non-wage costs) across the business economy (NACE B-S) in Belgium from 2008 to present, indexed to 2016=100. Labour costs are the primary driver of service-sector inflation and manufacturing location decisions. It is published by Eurostat and updated annually.
The most recent observation covers 2024. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2008–2024 (17 observations).
The series peaked at 118.8 Index (2016=100) in 2024 and reached its lowest recorded value of 80.7 in 2008. The latest reading of 118.8 in 2024 represents a change of +2.7.