The labour cost per employee FTE for cereal products in Europe varies significantly by country, with Switzerland leading at 60.7 thousand euros and Macedonia the lowest at 5.4 thousand euros in 2023. Northern and Western European countries generally exhibit higher costs due to stronger economies and higher standards of living. Conversely, Eastern and some Southern European countries like Bulgaria and Romania present much lower labour costs.
Future trends to watch include:
- Potential convergence in labour costs as Eastern European economies catch up.
- Impact of automation and technology, possibly stabilizing or reducing labour costs.
- Inflationary pressures and labour market policies affecting wage dynamics in high-cost countries.
Top countries in Cereal Products Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Switzerland | 60.7 | 2023 | View data |
| 2 | 2 Denmark | 56.8 | 2023 | View data |
| 3 | 3 Sweden | 54.1 | 2023 | View data |
| 4 | 4 Iceland | 53.8 | 2023 | View data |
| 5 | 5 Belgium | 50.5 | 2023 | View data |
| 6 | 6 Finland | 50 | 2023 | View data |
| 7 | 7 Netherlands | 48.5 | 2023 | View data |
| 8 | 8 Ireland | 47.9 | 2023 | View data |
| 9 | 9 Norway | 45.3 | 2023 | View data |
| 10 | 10 Italy | 44.4 | 2023 | View data |
