Edition 1484
21 July 2018
Edition: 1484

Read this week's issue online exactly as it appears in print.

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Hourly labour costs rise to €14.10, still 6th lowest in euro zone

by TPN/Lusa, in News · 09-04-2018 16:50:00 · 0 Comments

Hourly labour costs in Portugal last year rose 3% to €14.10, but remained significantly below the European Union average as the sixth lowest in the euro zone, according to figures released on Monday by Eurostat, the EU's statistics office.

Hourly labour costs rise to €14.10, still 6th lowest in euro zone

 

The data shows that in 2017 labour costs, excluding agriculture and public administration, averaged €26.80 an hour in the EU as a whole and €30.30 in the euro zone. The range of costs between different member states was very large, however, from €4.90 in Bulgaria to €42.50 in Denmark.

 

Portugal, despite its hourly labour costs rising 3% last year from €13.70 in 2016 - a rate of increase faster than both the EU average of 2.3% and the euro-zone average of 1.9% - remains in the lower half of the table.

 

Of the 11 EU member states with lower hourly costs - Malta (€13.80), Estonia (€11.70), Czech Republic (€11.30), Slovakia (€11.10), Croatia (€10.60), Poland (€9.40), Hungary (€9.10), Latvia (€8.10), Lithuania (€8), Romania (€6.30) and Bulgaria - just five are euro-zone members.

 

The countries with the highest labour costs, after Denmark, are Belgium (€39.60), Luxembourg (€37.60), Sweden (€36.60) and France (€36).

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Edition 1484
21 July 2018
Edition: 1484

Read this week's issue online exactly as it appears in print.

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