The labour cost per employee FTE in European Rubber and Plastic Products Manufacturing varies significantly across countries. In 2023, Switzerland had the highest cost at €86.2k, followed by Iceland at €77.7k, reflecting a high wage economy. Eastern European countries like Macedonia and Bosnia and Herzegovina had much lower costs at €5.8k and €8.4k, respectively. This disparity indicates differing economic conditions and wage levels across Europe. Over the last five years, a nominal increase in costs has been observed, driven by economic growth and inflation.
Future trends to watch include:
- The impact of automation on labour costs, potentially reducing the need for a large workforce.
- Continued wage growth in emerging economies as their markets develop.
- Shifts in manufacturing locations due to cost advantages in different regions.
- Regulatory changes impacting labour costs, especially with regard to minimum wage adjustments.
Top countries in Rubber and Plastic Products Manufacturing Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Switzerland | 86.2 | 2023 | View data |
| 2 | 2 Iceland | 77.7 | 2023 | View data |
| 3 | 3 Belgium | 74.9 | 2023 | View data |
| 4 | 4 Denmark | 72 | 2023 | View data |
| 5 | 5 Norway | 68.4 | 2023 | View data |
| 6 | 6 Austria | 67.5 | 2023 | View data |
| 7 | 7 Netherlands | 64.8 | 2023 | View data |
| 8 | 8 Sweden | 64.2 | 2023 | View data |
| 9 | 9 France | 62.3 | 2023 | View data |
| 10 | 10 Finland | 59.8 | 2023 | View data |
