The data reveals Austrian electronic components labor costs are highest at €98,800 per employee FTE. Iceland and Belgium follow, with notable values beyond €80,000. Central and Eastern European countries like Croatia, Poland, and Hungary show significantly lower labor costs, with figures around €18,000 or less, indicating a West-East cost differential.
Anticipated trends for 2024 involve increasing cost disparity between Western and Eastern countries, driven by labor market dynamics, innovation in automation, and cost-competitive strategies. The movement towards Industry 4.0 might alter labor cost structures, emphasizing efficiency over sheer workforce size, influencing Europe's labor cost landscape substantially.
Top countries in Electronic Components Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Austria | 98.8 | 2023 | View data |
| 2 | 2 Iceland | 90.8 | 2023 | View data |
| 3 | 3 Belgium | 88.6 | 2023 | View data |
| 4 | 4 Norway | 83 | 2023 | View data |
| 5 | 5 Germany | 80.2 | 2023 | View data |
| 6 | 6 Denmark | 80 | 2023 | View data |
| 7 | 7 France | 79.3 | 2023 | View data |
| 8 | 8 Italy | 71.5 | 2023 | View data |
| 9 | 9 Sweden | 70.5 | 2023 | View data |
| 10 | 10 Finland | 67.8 | 2023 | View data |
