In 2023, the labor cost per employee full-time equivalent (FTE) in the construction of railways and underground railways in France was recorded at a certain value. From 2024 onwards, the labor cost is forecasted to rise gradually, reaching 70.7 thousand euros by 2028. The year-on-year growth is expected to be modest, with a consistent increase of approximately 0.4-0.5% annually. Over this five-year period, the compound annual growth rate (CAGR) is likely to highlight this steady upward trend in labor costs.

Future trends to watch for:

Potential impacts of economic policy changes on labor costs and employment in the construction sector.
Technological advancements that may affect productivity and labor cost dynamics.
Market conditions that could influence demand for railway and underground railway construction, potentially impacting labor costs.