The data shows that Denmark had the highest labour cost per employee in the electric motors, generators, and transformers sector at €94.1k, followed by the UK, Austria, and Belgium. The figures illustrate a significant disparity between the Western and Eastern European countries, with Bulgaria and Bosnia and Herzegovina having the lowest costs at €11.9k and €11.2k, respectively. The year-on-year comparisons from the actual 2023 values to forecasted 2024 values indicate minimal variation. Over the past five years, the compound annual growth rate (CAGR) has remained relatively stable.
Future trends to watch in the European market include increasing automation leading to a possible reduction in labour costs, as well as potential shifts in manufacturing hubs from Western to Eastern Europe, which could impact cost structures due to lower labour costs in that region.
Top countries in Electric Motors, Generators, Transformers Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Denmark | 94.1 | 2023 | View data |
| 2 | 2 United Kingdom | 90.9 | 2023 | View data |
| 3 | 3 Austria | 84.8 | 2023 | View data |
| 4 | 4 Belgium | 80.8 | 2023 | View data |
| 5 | 5 Sweden | 73.3 | 2023 | View data |
| 6 | 6 Finland | 72.3 | 2023 | View data |
| 7 | 7 France | 64.8 | 2023 | View data |
| 8 | 8 Germany | 63.7 | 2023 | View data |
| 9 | 9 Italy | 51 | 2023 | View data |
| 10 | 10 Spain | 49.2 | 2023 | View data |
