The European electrical equipment labor cost per employee FTE reveals a marked disparity among countries. In 2023, Switzerland recorded the highest labor costs, followed by Iceland and Denmark. Western European nations generally observed higher costs compared to Eastern counterparts, with Bulgaria and Bosnia and Herzegovina at the lowest end. Despite negligible year-on-year variations, the five-year CAGR indicates uneven growth aligned with regional economic conditions.
Future trends to watch include potential inflationary pressures, wage negotiations, and the impact of automation and digitization on labor demand. These factors may further influence labor costs across Europe’s diverse economic landscape.
Top countries in Electrical Equipment Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Switzerland | 104.9 | 2023 | View data |
| 2 | 2 Iceland | 94.5 | 2023 | View data |
| 3 | 3 Denmark | 83.1 | 2023 | View data |
| 4 | 4 France | 82.5 | 2023 | View data |
| 5 | 5 Sweden | 81.4 | 2023 | View data |
| 6 | 6 Austria | 79.4 | 2023 | View data |
| 7 | 7 Belgium | 76 | 2023 | View data |
| 8 | 8 Germany | 75 | 2023 | View data |
| 9 | 9 Netherlands | 71.8 | 2023 | View data |
| 10 | 10 Finland | 71 | 2023 | View data |
