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10 November 2018
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Hourly Portugal labour costs rise to €14.10, still 6th lowest in eurozone

by TPN/Lusa, in Business · 12-04-2018 14:59:00 · 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 eurozone, according to figures released this week by Eurostat, the EU’s statistics office.

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 eurozone. 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 eurozone 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 eurozone 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 1500
10 November 2018
Edition: 1500

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

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