The labor cost per employee FTE in Finland's industrial gases sector was observed at €70.0 thousand in 2023. Forecasts for 2024 show a slight increase to €70.6 thousand, with a steady upward trend projected through 2028, where the labor cost is expected to be €72.3 thousand. Year-on-year variations indicate incremental rises: 0.7% from 2023 to 2024, 0.7% from 2024 to 2025, 0.6% from 2025 to 2026, 0.6% from 2026 to 2027, and 0.6% from 2027 to 2028. Over the five years, the CAGR stands at approximately 0.65%.
Future trends to watch for include potential impacts of automation on labor costs, shifts in demand for industrial gases, and economic policies affecting wages in Finland. Monitoring these factors will be crucial for anticipating further fluctuations in labor costs within the sector.
