{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"gr-labour-cost-index","url":"https://apiardata.com/statistics/gr-labour-cost-index","html_url":"https://apiardata.com/statistics/gr-labour-cost-index/","title":"Greece Labour Cost Index (2025)","description":"Greece's Labour Cost Index: 125.5 Index (2016=100) in 2025, +8.3% YoY. Eurostat (LC_LCI_R2_A), 2008–2025.","domain":"prices","category":"Prices & Inflation","keywords":["Prices & Inflation","Eurostat","Greece","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Greece","temporal_coverage":"2008/2025","unit":"Index (2016=100)","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"Greece 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":"2008–2025"},{"label":"Observations","value":"18"},{"label":"Geography","value":"Greece"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"Greece (2025)","value":"125.5","unit":"Index (2016=100)","trend":{"direction":"up","value":"+8.3% YoY"}},{"label":"YoY Change","value":"+8.3%","unit":"Index (2016=100)"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"18","unit":"years of data"}],"series":[{"key":"value","label":"Greece Labour Cost Index"}],"observation_count":18,"observations":[{"period":"2008","value":109.8},{"period":"2009","value":109.6},{"period":"2010","value":111.3},{"period":"2011","value":105.7},{"period":"2012","value":96.3},{"period":"2013","value":89},{"period":"2014","value":90},{"period":"2015","value":88.8},{"period":"2016","value":90.5},{"period":"2017","value":92},{"period":"2018","value":95.1},{"period":"2019","value":97.1},{"period":"2020","value":100},{"period":"2021","value":99.3},{"period":"2022","value":103.3},{"period":"2023","value":109.5},{"period":"2024","value":115.9},{"period":"2025","value":125.5}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"Index (2016=100)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"125.5","yoyChange":"+8.3%"},{"year":"2024","value":"115.9","yoyChange":"+5.8%"},{"year":"2023","value":"109.5","yoyChange":"+6.0%"},{"year":"2022","value":"103.3","yoyChange":"+4.0%"},{"year":"2021","value":"99.3","yoyChange":"-0.7%"},{"year":"2020","value":"100.0","yoyChange":"+3.0%"},{"year":"2019","value":"97.1","yoyChange":"+2.1%"},{"year":"2018","value":"95.1","yoyChange":"+3.4%"},{"year":"2017","value":"92.0","yoyChange":"+1.7%"},{"year":"2016","value":"90.5","yoyChange":"+1.9%"},{"year":"2015","value":"88.8","yoyChange":"-1.3%"},{"year":"2014","value":"90.0","yoyChange":"+1.1%"},{"year":"2013","value":"89.0","yoyChange":"-7.6%"},{"year":"2012","value":"96.3","yoyChange":"-8.9%"},{"year":"2011","value":"105.7","yoyChange":"-5.0%"},{"year":"2010","value":"111.3","yoyChange":"+1.6%"},{"year":"2009","value":"109.6","yoyChange":"-0.2%"},{"year":"2008","value":"109.8","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 Greece 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 2025. Eurostat typically publishes this series with a lag of several months after the reference period. The series runs 2008–2025 (18 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 125.5 Index (2016=100) in 2025 and reached its lowest recorded value of 88.8 in 2015. The latest reading of 125.5 in 2025 represents a change of +9.6."}]}