Germany's labor costs in manufacturing and commercial services sectors surged above the EU average in 2023, according to data released by the Federal Statistical Office (Destatis). Employers in Germany paid approximately 30% more per hour of work compared to the EU average of 31.80 euros.
Despite this increase, Germany maintained its relative distance from the EU average compared to 2022, as reported by Destatis.
Germany ranked sixth highest in labor costs within the EU. Luxembourg held the top spot with 53.90 euros per hour, while Bulgaria recorded the lowest at 9.30 euros.
In 2022, German employers paid an average of 41.30 euros per hour of work.
In the manufacturing sector, the average cost per hour in Germany was approximately 46.00 euros in 2023, representing a 44% increase over the EU average of 32.00 euros. This positioned Germany as the fourth highest in labor costs within the EU manufacturing sector.
In market-driven services, labor costs in Germany averaged 39.80 euros per hour, marking a 25% premium over the EU average of 31.80 euros. Germany ranked seventh highest in this category across the EU.
#Germany #LaborCosts #EU #Economy #Manufacturing #Services #Business
Germany's labor costs in manufacturing and commercial services sectors surged above the EU average in 2023, according to data released by the Federal Statistical Office (Destatis). Employers in Germany paid approximately 30% more per hour of work compared to the EU average of 31.80 euros.
Despite this increase, Germany maintained its relative distance from the EU average compared to 2022, as reported by Destatis.
Germany ranked sixth highest in labor costs within the EU. Luxembourg held the top spot with 53.90 euros per hour, while Bulgaria recorded the lowest at 9.30 euros.
In 2022, German employers paid an average of 41.30 euros per hour of work.
In the manufacturing sector, the average cost per hour in Germany was approximately 46.00 euros in 2023, representing a 44% increase over the EU average of 32.00 euros. This positioned Germany as the fourth highest in labor costs within the EU manufacturing sector.
In market-driven services, labor costs in Germany averaged 39.80 euros per hour, marking a 25% premium over the EU average of 31.80 euros. Germany ranked seventh highest in this category across the EU.