Estonia's Labor Costs Among 7 Lowest in EU

Photo: Postimees/Scanpix
4/25/2012 1:56 PM
Category: Economy

Six EU member states had lower average hourly labor costs than Estonia last year, recently published data by Eurostat reveal.

Average labor costs in Estonia, including pay and social security contributions by employers, stood at 8.1 euros for a person per hour in 2011.

The figure was lowest in Bulgaria (3.5 euros), followed by Lithuania (5.5 euros) and Latvia (5.9 euros). Poland and Hungary also fell a little behind Estonia.

Romania, for which the 2011 data was lacking, is also likely paying less for labor than Estonia. The assumption is based on figures obtained in previous years. 

The highest hourly labor expenses are in Belgium – 39.3 euros per person – followed closely by Sweden and Denmark, where hourly labor costs are 39.1 and 38.6 euros per person, respectively. 

Average hourly labor costs in the EU stood at 23.1 euros, while the Eurozone's average was a bit higher - 27.6 euros.

 

Ingrid Teesalu


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