Which EU countries have the highest and lowest hourly labour costs?
Hourly labour costs ranged from €10.6 in Bulgaria to €55.2 in Luxembourg in 2024.
READ MORE : http://www.euronews.com/2025/04/04/which-eu-countries-have-the-highest-and-lowest-hourly-labour-costs
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Hourly labour costs ranged from €10.6 in Bulgaria to €55.2 in Luxembourg in 2024.
READ MORE : http://www.euronews.com/2025/04/04/which-eu-countries-have-the-highest-and-lowest-hourly-labour-costs
Subscribe to our channel. Euronews is available on Dailymotion in 12 languages
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00:00which EU countries have the highest and the lowest hourly labor costs.
00:08In 2024, the average hourly labor costs in the EU were estimated to be 33.50 euros,
00:16up on 2023's rate of 31.90 euros. The lowest hourly labor costs were recorded in Bulgaria
00:23at 10.60 euros, Romania at 12.50 euros and Hungary at 14.10 euros. By contrast,
00:32the highest is found in Luxembourg at 55.20 euros, Denmark at 50.10 euros and Belgium at
00:4148.20 euros. The two main components of labor costs are wages and non-wage costs,
00:48such as employers' social contributions. The share of non-wage costs in the whole EU economy
00:54was 24.7%. In the EU, labor costs per hour were the highest in the mainly known business economy,
01:01excluding public administration at 34.20 euros and the lowest in the construction sector at 30
01:10euros. Between 2023 and 2024, hourly labor costs in the whole economy rose by 5% in the EU
01:17and by 4.5% in the euro area. The highest increases in the euro area were seen in Croatia
01:24at 14.2% and Latvia at 12.1%.