Lithuania: personnel costs of the total business economy 2011-2020
The personnel costs of the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Lithuania increased by 412.7 million euros (+3.22 percent) in 2020. While the growth in this industry is slowing down, with 13.2 billion euros, the personnel costs are at their peak in the observed period. Notably, the personnel costs in this industry continuously increased over the last years.
According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Find more statistics on the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Lithuania with key insights such as number of enterprises, turnover, and production value.
According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Find more statistics on the total business economy, repair of computers, personal and household goods, except financial and insurance activities in Lithuania with key insights such as number of enterprises, turnover, and production value.
