{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"be-labour-cost-index","url":"https://apiardata.com/statistics/be-labour-cost-index","html_url":"https://apiardata.com/statistics/be-labour-cost-index/","title":"Belgium Labour Cost Index (2024)","description":"Belgium's Labour Cost Index: 118.8 Index (2016=100) in 2024, +2.3% YoY. Eurostat (LC_LCI_R2_A), 2008–2024.","domain":"prices","category":"Prices & Inflation","keywords":["Prices & Inflation","Eurostat","Belgium","2024"],"publisher":"Eurostat","frequency":"Annual","geography":"Belgium","temporal_coverage":"2008/2024","unit":"Index (2016=100)","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2024","variable_measured":"Belgium Labour Cost Index","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/LC_LCI_R2_A/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2008–2024"},{"label":"Observations","value":"17"},{"label":"Geography","value":"Belgium"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Belgium (2024)","value":"118.8","unit":"Index (2016=100)","trend":{"direction":"up","value":"+2.3% YoY"}},{"label":"YoY Change","value":"+2.3%","unit":"Index (2016=100)"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"17","unit":"years of data"}],"series":[{"key":"value","label":"Belgium Labour Cost Index"}],"observation_count":17,"observations":[{"period":"2008","value":80.7},{"period":"2009","value":83.6},{"period":"2010","value":86.4},{"period":"2011","value":88.8},{"period":"2012","value":91.1},{"period":"2013","value":93},{"period":"2014","value":93.7},{"period":"2015","value":93.8},{"period":"2016","value":93.9},{"period":"2017","value":95},{"period":"2018","value":96.5},{"period":"2019","value":98.5},{"period":"2020","value":100},{"period":"2021","value":101.1},{"period":"2022","value":107.2},{"period":"2023","value":116.1},{"period":"2024","value":118.8}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"Index (2016=100)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"118.8","yoyChange":"+2.3%"},{"year":"2023","value":"116.1","yoyChange":"+8.3%"},{"year":"2022","value":"107.2","yoyChange":"+6.0%"},{"year":"2021","value":"101.1","yoyChange":"+1.1%"},{"year":"2020","value":"100.0","yoyChange":"+1.5%"},{"year":"2019","value":"98.5","yoyChange":"+2.1%"},{"year":"2018","value":"96.5","yoyChange":"+1.6%"},{"year":"2017","value":"95.0","yoyChange":"+1.2%"},{"year":"2016","value":"93.9","yoyChange":"+0.1%"},{"year":"2015","value":"93.8","yoyChange":"+0.1%"},{"year":"2014","value":"93.7","yoyChange":"+0.8%"},{"year":"2013","value":"93.0","yoyChange":"+2.1%"},{"year":"2012","value":"91.1","yoyChange":"+2.6%"},{"year":"2011","value":"88.8","yoyChange":"+2.8%"},{"year":"2010","value":"86.4","yoyChange":"+3.3%"},{"year":"2009","value":"83.6","yoyChange":"+3.6%"},{"year":"2008","value":"80.7","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"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."},{"question":"How current is this data?","answer":"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)."},{"question":"What is the long-term trend?","answer":"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."}]}