Forecasted increases in labor costs and productivity in the Eurozone 2023-2026

Forecasted increases in unit labor costs, compensation per employee, and labor productivity in the Eurozone currency area from 2023 to 2026

Characteristic2023202420252026
Unit labor costs 6.1% 4.1% 2.6% 2%
Compensation per employee 5.3% 4.6% 3.8% 3.3%
Labor productivity -0.8% 0.4% 1.1% 1.2%
Created with Highcharts 7.2.2Forecasted growth rate6.1%6.1%5.3%5.3%-0.8%-0.8%4.1%4.1%4.6%4.6%0.4%0.4%2.6%2.6%3.8%3.8%1.1%1.1%2%2%3.3%3.3%1.2%1.2%2023202420252026Unit labor costsCompensation per employeeLabor productivity
-2%0%2%4%6%8%
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Release date

December 2023

Region

Europe, EU

Survey time period

2023 to 2026

Supplementary notes

Unit labor cost is calculated as: compensation per employee - labor productivity. 

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