Average Hourly Cost of Labour 17 EUR in Slovenia, Far Below EU Average

By , 09 Apr 2018, 17:39 PM Business
Average Hourly Cost of Labour 17 EUR in Slovenia, Far Below EU Average pxhere,com

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Denmark has the highest, Bulgaria the lowest. 

STA, 9 April 2018 - Hourly labour costs in Slovenia, a eurozone member since 2007, stood at 17 euro in 2017, much below the EU and eurozone averages of 26.8 euro and 30.3 euro, respectively, Eurostat data show.

The EU's statistical office measured average hourly labour costs in the EU and eurozone's economies, excluding agriculture and the public sector.

With 42.5 euro of hourly labour costs, Denmark topped the list, followed by Belgium (39.6 euro) and Luxembourg (37.6 euro), whereas Bulgaria was at the bottom with 4.9 euro.

Lower hourly labour costs than in Slovenia were measured in all nine members that joined the bloc together with Slovenia in 2004 as well as in Bulgaria, Romania, Greece and Portugal.

The cost of an hour of labour in the entire EU rose by 2.3% over 2016 and by 1.9% in the eurozone, according to Eurostat.

Hourly labour costs factor in salaries and other costs such as social contributions.

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