Labour costs in the European installation of industrial machinery and equipment sector are highest in Luxembourg (109.9 thousand euros) and Norway (92.2 thousand euros). Western and Northern European countries generally display higher costs, with Southern and Eastern Europe showcasing significantly lower figures, such as Bosnia and Herzegovina at 6.7 thousand euros. The data between 2023 and 2024 remained stable, with variations [nil].
Future trends indicate potential upward pressure on labor costs driven by technological advancements necessitating skilled labor and regulatory changes impacting wage structures. Monitoring these trends will provide insights on the evolving cost landscape in the industry.
Top countries in Installation of Industrial Machinery and Equipment Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Luxembourg | 109.9 | 2023 | View data |
| 2 | 2 Norway | 92.2 | 2023 | View data |
| 3 | 3 Iceland | 83.8 | 2023 | View data |
| 4 | 4 Switzerland | 81.5 | 2023 | View data |
| 5 | 5 Belgium | 80.1 | 2023 | View data |
| 6 | 6 Denmark | 77.8 | 2023 | View data |
| 7 | 7 Austria | 77.5 | 2023 | View data |
| 8 | 8 Netherlands | 76.5 | 2023 | View data |
| 9 | 9 France | 67 | 2023 | View data |
| 10 | 10 Sweden | 66.9 | 2023 | View data |
