In 2023, the labor cost per employee FTE in the construction sector for residential and non-residential buildings in France stood at an estimated €70.1 thousand. The forecast data from 2024 to 2028 shows a consistent annual growth of €1.2 thousand per year, suggesting a gradual increase. The year-on-year percentage change is approximately 1.7%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be around 1.7%.
Future trends to watch for include:
- Potential impacts of inflation and economic conditions on labor costs.
- Technological advancements influencing efficiency and labor demand in construction.
- Regulatory changes affecting labor markets and wages.