The European Precious Metals and Non-Ferrous Metals Manufacturing sector reveals a diverse landscape of labor costs per employee FTE across countries. In 2023, Iceland leads with the highest labor cost at 109.7 thousand euros, indicating a premium wage environment in the region. Western European countries like Belgium, Switzerland, and Sweden also maintain high labor costs, reflecting strong wage structures. In contrast, Eastern and Southern European countries such as Croatia, Bosnia and Herzegovina, and Romania exhibit significantly lower costs, highlighting regional economic disparities. Over the past five years, the labor cost trend showed little overall variation, with stability prevailing.
Future trends to watch include potential shifts due to technological advancements and automation in manufacturing that may impact labor costs. Furthermore, economic factors and EU regulations concerning labor could alter the cost landscape, possibly narrowing the gap between high and low-cost regions.
Top countries in Precious Metals and Non-Ferrous Metals Manufacturing Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 109.7 | 2023 | View data |
| 2 | 2 Belgium | 94.5 | 2023 | View data |
| 3 | 3 Switzerland | 93.1 | 2023 | View data |
| 4 | 4 Sweden | 81.2 | 2023 | View data |
| 5 | 5 Austria | 80.8 | 2023 | View data |
| 6 | 6 Germany | 76.1 | 2023 | View data |
| 7 | 7 Denmark | 71.6 | 2023 | View data |
| 8 | 8 Netherlands | 70.9 | 2023 | View data |
| 9 | 9 France | 70 | 2023 | View data |
| 10 | 10 Finland | 63.2 | 2023 | View data |
