Quarterly Labour Cost Index, Fourth Quarter of 2023

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Quarterly Labour Cost Index, Fourth Quarter of 2023

22.03.2024 11:00:00

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Quarterly Labour Cost Index, Fourth Quarter of 2023

In the fourth quarter of 2023, compared to the fourth quarter of 2022, the total hourly labour cost rose by 11.7% (preliminary data). The total hourly labour cost increased by 10.6% in industry, by 10.4% in services and by 19.5% in construction.

The highest annual growth in total labour costs was recorded in ‘Public administration and defence; compulsory social security’ - by 19.8%, ‘Construction’ - by 19.5%, and ‘Education’ - by 17.0%.

Detailed data can be found on the website of NSI at
Short-term statistics on employment and labour cost

The National Statistical Institute (NSI) is a state institution in Bulgaria that collects, processes and disseminates official statistical information on social, economic and demographic processes in the country. The NSI's activities are aimed at providing objective and reliable data that support informed decision-making by the state, business and society. The Institute works in accordance with international statistical standards and is an active participant in the European Statistical System.