Home Feature News What are the EU countries with cheap and most expensive labor?

What are the EU countries with cheap and most expensive labor?

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By 2024, the average time of employees in the EU was estimated to be 33.5 euros, according to recent eurostat data that it was higher than the 31.9 rate registered by 2023.

Low -time labor costs were recorded Bulgaria10.6 with euro, in RomaniaWith 12.5 euros, and Hangry14.1 with euros.

On the other hand, the highest is recorded Luxemburg55.2 with euro, in Denmark50.1 with euros, and Belgium48.2 with euro.

The two main elements of labor costs are the salaries and unbearable expenses of the employer’s social contributions.

The percentage of unattainable costs throughout the EU economy is 24.7%.

Eurostat ratings for 2024 include companies with 10 or more workers, and are based on the cost of 2020 labor costs, except Malda.

What are the departments that have high work costs?

In the European Union, labor costs for one hour were high in an unhealthy economy, public administration with 34.2 euros, and less than 30 euros.

However, the imbalances in the euro were enlarged, the industry (39.8 euros per hour) and less construction (33.4 euros per hour).

Between 2023 and 2024, the economy’s work costs have increased to 5 % in the EU and 4.5 % in the Europe. In the latter, work costs have increased in all countries.

The largest increase was recorded Croatia (+14.2%), that Latonia By (+ 12,1%) Lithuania (+10,8%).

However, the smallest increase was recorded Republic (+1.3%), followed by it Finland (+1.8%) and Luxemburg (+2,1%).

As for EU countries outside the Europe, the labor periods expressed in the national currency have increased in all countries, the highest variations have been recorded RomaniaOvarian BulgariaOvarian Hangry E. Polish. Recorded the smallest increase of time of labor Sweden.

Video editor Mert Cane Yilmas

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