Sweden Leads EU Hourly Labour Costs List – Where is Croatia?
- by croatiaweek
- in Business
Croatia well below EU average in hourly labour costs, according to statistics published by the Union’s official office this week…
The average hourly labour costs last year in the whole economy (excluding agriculture and public administration) were estimated to be €23.7 in the EU28, and €28.4 in the euro area. However, this average masks significant differences between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (€3.7), Romania (€4.6), Lithuania (€6.2)and Latvia (€6.3), and the highest in Sweden (€40.1), Denmark (€38.4),Belgium (€38.0),Luxembourg (€35.7)and France (€34.3). said Eurostat, the statistical office of the European Union.
Croatia was also near the bottom of the list, with average hourly labour costs €8.8, well below the European average. Labour costs are made up of wages & salaries and non-wage costs such as employers’ social contributions. The share of non -wage costs in the whole economy was 23. 7% in the EU28 and 25.9 % in the euro area , varying between 8.0% in Malta and 33.3% in Sweden.