In 2023, Iceland had the highest labor cost per employee FTE in the light metals casting sector at €97.5k, followed by Austria at €66k and France at €64.2k. Countries like Bosnia and Herzegovina and Bulgaria recorded the lowest figures at €9.7k. While variations from previous years were nil, the average compound annual growth rate (CAGR) over five years remained slightly upward. This reflects steady growth in labor costs across most countries, with slight differences between regions.
Looking ahead, watch for regulatory changes, technological advancements, and automation impacting labor costs. Central and Eastern European countries may see more significant growth due to economic development and demand shifts.
Top countries in Light Metals Casting Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 97.5 | 2023 | View data |
| 2 | 2 Austria | 66 | 2023 | View data |
| 3 | 3 France | 64.2 | 2023 | View data |
| 4 | 4 Denmark | 61.3 | 2023 | View data |
| 5 | 5 Germany | 58.7 | 2023 | View data |
| 6 | 6 Sweden | 57.8 | 2023 | View data |
| 7 | 7 Belgium | 55.7 | 2023 | View data |
| 8 | 8 Italy | 52.3 | 2023 | View data |
| 9 | 9 Norway | 51.9 | 2023 | View data |
| 10 | 10 Finland | 50.6 | 2023 | View data |
