The 2023 labor costs per employee in the European Wood, Wood Products, and Cork sector reveal significant disparities. Iceland (77.8k euros) and Switzerland (74.4k euros) lead with the highest costs, while Macedonia (5.1k euros) and Bosnia and Herzegovina (6.1k euros) are on the lower end. Western and Northern European countries typically exhibit higher labor costs compared to Eastern Europe, reflecting economic development levels, labor market conditions, and living standards.
Future trends to watch include:
- Potential labor cost increases across Eastern Europe as economies grow and integrate more with Western European standards.
- Impact of automation and digitalization on labor cost disparities.
- Influence of EU policies on labor costs and employment conditions in the wood industry.
Top countries in Wood, Wood Products and Cork Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 77.8 | 2023 | View data |
| 2 | 2 Switzerland | 74.4 | 2023 | View data |
| 3 | 3 Belgium | 67.1 | 2023 | View data |
| 4 | 4 Denmark | 66.3 | 2023 | View data |
| 5 | 5 Austria | 60.4 | 2023 | View data |
| 6 | 6 Norway | 59.8 | 2023 | View data |
| 7 | 7 Sweden | 57.4 | 2023 | View data |
| 8 | 8 Finland | 53.1 | 2023 | View data |
| 9 | 9 Luxembourg | 52.7 | 2023 | View data |
| 10 | 10 Netherlands | 52 | 2023 | View data |
