The 2023 labour cost per employee FTE in the oil and gas extraction sector varies significantly across Europe. The United Kingdom leads with 169.6 thousand euros, followed by Denmark and the Netherlands. Italy and Spain report mid-range costs, while Estonia, Lithuania, and Hungary present the lowest costs, highlighting stark regional differences driven by diverse economic conditions and industry demands. Year-on-year variations show stability, aligning with a broader European trend of slow growth, while the five-year CAGR indicates minimal fluctuation.
Future trends to monitor include:
- Potential volatility in response to shifts in global energy markets.
- Impact of technological advancements on labour requirements.
- Influences of energy policy changes on sector employment dynamics.
- Economic disparities possibly leading to more pronounced regional cost differences.
Top countries in Oil and Gas Extraction Labour Cost Per Employee FTE by Country
| # | 8 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 United Kingdom | 169.6 | 2023 | View data |
| 2 | 2 Denmark | 166.7 | 2023 | View data |
| 3 | 3 Netherlands | 149.2 | 2023 | View data |
| 4 | 4 Italy | 112.2 | 2023 | View data |
| 5 | 5 Spain | 70.4 | 2023 | View data |
| 6 | 6 Estonia | 30.8 | 2023 | View data |
| 7 | 7 Lithuania | 27.3 | 2023 | View data |
| 8 | 8 Hungary | 17.2 | 2023 | View data |
