Thematic: Labour costs
Keywords: labour costs
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SummaryThe average hourly labour costs were estimated to be €23.1 in the EU27 business economy in 2011, and €27.6 in the euro area (EA17). However, this average masks significant differences between Member States, with hourly labour costs ranging from €3.5 to €39.3. Labour costs are made up of costs for wages & salaries, plus non-wage costs such as employer's social contributions.
In 2011, the highest hourly labour costs were estimated for Belgium (€39.3), Sweden (€39.1), Denmark (€38.6), France (€34.2), Luxembourg (€33.7), the Netherlands (€31.1) and Germany (€30.1). The lowest hourly labour costs were estimated for Bulgaria (€3.5), Romania (€4.2 in 20103), Lithuania (€5.5) and Latvia (€5.9). While comparing labour cost estimates in euro over time, it should be noted that data for those Member States outside the euro area are influenced by exchange rate movements.
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