In 2023, the labour cost per employee FTE for the electronic components and electronic boards sector in Europe shows significant variance among countries. The Netherlands leads with the highest cost, followed closely by Switzerland and Austria. Lower labour costs are observed in Eastern European countries such as Bulgaria, Romania, and Croatia. Over the last five years, labour costs have generally increased across the board, with variation apparent in Western versus Eastern European regions. The highest labour costs are concentrated in several Western and Northern European countries, whereas Eastern and Southern Europe maintain lower costs.
Looking ahead, businesses should monitor the following trends in labour costs:
- Divergent trends between Western and Eastern Europe with potentially widening gaps.
- Impact of inflation and economic policies on labour cost variations.
- Shift towards automation and technology adoption, influencing labour cost structures.
- Continued globalization effect on labour dynamics and cost optimization strategies in the sector.
Top countries in Electronic Components and Electronic Boards Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Netherlands | 104.7 | 2023 | View data |
| 2 | 2 Switzerland | 102.8 | 2023 | View data |
| 3 | 3 Austria | 97.6 | 2023 | View data |
| 4 | 4 Iceland | 90.8 | 2023 | View data |
| 5 | 5 Belgium | 85.3 | 2023 | View data |
| 6 | 6 Norway | 82.5 | 2023 | View data |
| 7 | 7 France | 79.4 | 2023 | View data |
| 8 | 8 Germany | 77.7 | 2023 | View data |
| 9 | 9 Denmark | 74.4 | 2023 | View data |
| 10 | 10 Finland | 69.8 | 2023 | View data |
