The data for 2023 indicates that Switzerland leads in labour costs for cutting, shaping, and finishing stone in Europe, with costs significantly higher than most other countries. Iceland, Denmark, and Ireland follow, while Eastern European countries such as Romania, Latvia, and Bulgaria show considerably lower costs. The disparity highlights the variance in economic conditions and cost of living across Europe. These figures suggest a potential for competitive advantage in lower-cost countries that might attract international businesses looking for cost efficiency.
Future trends to watch include:
- Potential shifts in the industry due to technological advances, which may impact labour costs differently across the region.- Economic changes in the EU and beyond that could affect labour cost parity between Western and Eastern Europe.- Evolving trade policies that might influence the relocation of business operations toward cost-efficient countries.
Top countries in Cutting, Shaping and Finishing of Stone Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Switzerland | 78.2 | 2023 | View data |
| 2 | 2 Iceland | 63.1 | 2023 | View data |
| 3 | 3 Denmark | 59.8 | 2023 | View data |
| 4 | 4 Ireland | 58.7 | 2023 | View data |
| 5 | 5 Norway | 57.8 | 2023 | View data |
| 6 | 6 Netherlands | 57.2 | 2023 | View data |
| 7 | 7 Belgium | 57 | 2023 | View data |
| 8 | 8 France | 51.1 | 2023 | View data |
| 9 | 9 Austria | 51 | 2023 | View data |
| 10 | 10 Sweden | 50.3 | 2023 | View data |
