The 2024 data shows Belgium leading with the highest labour cost per employee FTE in the European electrical and electronic equipment for motor vehicles sector, at 87.0 thousand euros, followed by Germany and France. Countries in Eastern Europe, like Bosnia and Herzegovina, Greece, and Bulgaria, have significantly lower costs, reflecting broader regional economic disparities. Year-on-year, no variations were noticeable, as data was not compared for this period. The last CAGR suggests a stable labour cost environment over the previous five years.
Future trends to watch include:
- Impact of automation and AI on labour costs.
- Shifts in economic policies affecting wage standards.
- Potential effects of geopolitical tensions on labour market dynamics.
- Increased investments in green and smart automotive solutions.
Top countries in Electrical and Electronic Equipment for Motor Vehicles Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 87 | 2023 | View data |
| 2 | 2 Germany | 73.5 | 2023 | View data |
| 3 | 3 France | 69.4 | 2023 | View data |
| 4 | 4 Austria | 66.1 | 2023 | View data |
| 5 | 5 Iceland | 65.2 | 2023 | View data |
| 6 | 6 Italy | 62.3 | 2023 | View data |
| 7 | 7 Finland | 59 | 2023 | View data |
| 8 | 8 Spain | 50.8 | 2023 | View data |
| 9 | 9 Sweden | 48.8 | 2023 | View data |
| 10 | 10 Hungary | 23.1 | 2023 | View data |
