Russia

Labor Cost Index

117.09
Feb 20Apr 20Jun 20Aug 20Oct 20Dec 20Feb 21Apr 21Jun 21Aug 21Oct 210.00040.0080.00120.00160.00
  • Russia
  • Global Median
Source: IMF

Global Ranking

38
Ireland121.6
39
Portugal120.8
40
Greece120.4
41
Samoa119.38
42
Thailand118.26
43
Russia117.09
44
Norway116.6
45
Luxembourg116.3
46
Sweden116
46
Germany116

Asia Ranking

2
China204.02
3
Hong Kong164.4
5
Tajikistan122.72
6
Thailand118.26
7
Russia117.09
8
Mongolia114.6
9
Taiwan113.26
10
Japan100.2

News

Definition of Labor Cost Index

The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

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