ES · 2024 · tesem170
Nominal unit labour cost growth
Spain, 2024
Nominal unit labour cost growth
3.40
Spain, 2024
▼ 42.4% vs 2023 (5.90)
Analysis
In 2024, Spain's nominal unit labour cost growth decreased by 42.4% compared to 2023, reaching 3.40.
Spain accounts for 68.0% of the EU-27 total of 5.00.
Spain ranks 22nd out of 27 EU member states with reported data — in the bottom half of the distribution.
Over the past five years, the indicator has fallen by 17.1% (from 4.10 in 2019).
Source: Eurostat dataset tesem170, accessed via the eupublicdata pipeline.
Rank in EU-27 · 2024
#22 of 27
% of EU-27 total · 2024
68.0%
EU-27: 5.00
Spain timeline (last 15 years)
2005 2025
Source:
Eurostat · tesem170