The analysis of European labor cost per employee FTE in construction of residential and non-residential buildings reveals a significant disparity between countries. In 2023, Denmark topped the list with the highest labor costs, while Bosnia and Herzegovina had the lowest. Northern and Western European countries typically have higher costs, with Southern and Eastern European countries showing notably lower costs. Year-on-year variations demonstrate nil change, highlighting steady labor cost trends, while the five-year CAGR indicates no average annual growth.
Future trends to watch for include potential impacts of economic policies and labor market conditions influencing wage growth and disparities across Europe. Additionally, technological advancements and labor productivity may significantly affect future labor costs in the construction sector.
Top countries in Labour Cost Per Employee FTE in Construction of Residential and Non-residential Buildings by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Denmark | 86.2 | 2023 | View data |
| 2 | 2 Iceland | 78.7 | 2023 | View data |
| 3 | 3 Norway | 76.5 | 2023 | View data |
| 4 | 4 Belgium | 72.1 | 2023 | View data |
| 5 | 5 Netherlands | 70.4 | 2023 | View data |
| 6 | 6 France | 69.9 | 2023 | View data |
| 7 | 7 Austria | 66.1 | 2023 | View data |
| 8 | 8 Sweden | 62 | 2023 | View data |
| 9 | 9 Germany | 59 | 2023 | View data |
| 10 | 10 Finland | 55.7 | 2023 | View data |
