Based on 2024 forecasts, the European industrial gases labour cost per employee FTE demonstrates significant variance across countries. Norway leads with 101.3 thousand euros, followed by Iceland at 97.5 thousand euros, and Austria at 91.2 thousand euros. Other notable figures include Germany at 86.5 thousand euros and Italy at 76.4 thousand euros. Lower costs are seen in countries like Poland (31.8 thousand euros) and Slovakia (21.2 thousand euros), with the lowest in Bosnia and Herzegovina at 20.7 thousand euros.
No significant year-on-year variation has been noted over the last two years, maintaining a stable trend, while the last CAGR shows minimal average variations per year over the last five years.
Future trends to watch include the impact of inflation on labour costs, technological advancements leading to efficiency gains, and potential changes in labour regulations. Also, economic conditions in lower-cost countries might drive further disparities in labour costs across the region.
Top countries in Industrial Gases Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Norway | 101.3 | 2023 | View data |
| 2 | 2 Iceland | 97.5 | 2023 | View data |
| 3 | 3 Austria | 91.2 | 2023 | View data |
| 4 | 4 Denmark | 89.9 | 2023 | View data |
| 5 | 5 Germany | 86.5 | 2023 | View data |
| 6 | 6 Italy | 76.4 | 2023 | View data |
| 7 | 7 Finland | 70.2 | 2023 | View data |
| 8 | 8 Spain | 62.4 | 2023 | View data |
| 9 | 9 Portugal | 42.9 | 2023 | View data |
| 10 | 10 Greece | 42.7 | 2023 | View data |
