The Average Hourly Labor Cost in the European Union
2022 Overview
In 2022, the average hourly labor cost in the European Union was 305 Euros.
Country with the Highest Average
The country with the highest average hourly labor cost in the European Union in 2022 was Denmark, with a cost of 47.20 Euros per hour.
Country with the Lowest Average
The country with the lowest average hourly labor cost in the European Union in 2022 was Bulgaria, with a cost of 6.50 Euros per hour.
Trend Over Time
The average hourly labor cost in the European Union has been increasing steadily over time. In 2021, the average cost was 298 Euros per hour. This represents a 2.3% increase from 2022.
Outlook for the Future
The average hourly labor cost in the European Union is expected to continue to increase in the coming years. This is due to a number of factors, including rising wages and benefits, and increasing demand for labor.
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