As of 2023, the European Watches and Clocks industry showcased varied labor costs per employee FTE across countries. Iceland led with labor costs at 103.5 thousand Euros, indicating higher expenses compared to others. France, Belgium, Austria, Italy, and Sweden followed, reflecting significant labor expenditures. Towards the bottom, countries like Hungary, Croatia, and Portugal showed lower labor costs, highlighting possible competitive advantages in cost savings. Notably, the absence of year-on-year or 5-year CAGR variations indicates a static trend, suggesting stable market conditions over recent years.
Looking forward, watch for shifts in international trade policies, automation, and technological advances that could impact labor costs and competitive dynamics. Additionally, economic shifts within the EU might influence labor market conditions, affecting costs across these countries differently.
Top countries in Watches and Clocks Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 103.5 | 2023 | View data |
| 2 | 2 France | 71.9 | 2023 | View data |
| 3 | 3 Belgium | 65.4 | 2023 | View data |
| 4 | 4 Austria | 63.9 | 2023 | View data |
| 5 | 5 Italy | 53.8 | 2023 | View data |
| 6 | 6 Sweden | 53.7 | 2023 | View data |
| 7 | 7 Germany | 49.8 | 2023 | View data |
| 8 | 8 United Kingdom | 48 | 2023 | View data |
| 9 | 9 Spain | 46.8 | 2023 | View data |
| 10 | 10 Lithuania | 29.4 | 2023 | View data |
