The labor cost per employee FTE in the European cables and wiring devices sector shows significant variation by country in 2023. Norway leads with the highest cost, followed by Denmark and Belgium, indicating a concentration of higher expenses in northern and western Europe. Eastern European countries like Bulgaria and Bosnia and Herzegovina have the lowest labor costs, reflecting regional economic differences. With a nil year-on-year variation reported, the trend over the past five years shows stability. Future trends to watch may include the impact of technological integration and potential shifts in manufacturing hubs due to changes in labor costs.
Top countries in Cables and Wiring Devices Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Norway | 102.1 | 2023 | View data |
| 2 | 2 Denmark | 89.2 | 2023 | View data |
| 3 | 3 Belgium | 82.9 | 2023 | View data |
| 4 | 4 France | 73.6 | 2023 | View data |
| 5 | 5 Sweden | 71.5 | 2023 | View data |
| 6 | 6 Germany | 70.5 | 2023 | View data |
| 7 | 7 Netherlands | 68.9 | 2023 | View data |
| 8 | 8 Austria | 61.4 | 2023 | View data |
| 9 | 9 Finland | 58.5 | 2023 | View data |
| 10 | 10 Italy | 57.7 | 2023 | View data |
