Romania is again at the end of the ranking regarding the hourly labor cost of employees, the latest Eurostat data show.
In 2017, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be EUR 26.8 in the European Union (EU) and EUR 30.3 in the euro area. However, this average masks significant gaps between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (EUR 4.9), Romania (EUR 6.3), Lithuania (EUR 8), Latvia (EUR 8.1), Hungary (EUR 9.1) and Poland (EUR 9.4), and the highest in Denmark (EUR 42.5), Belgium (EUR 39.6), Luxembourg (EUR 37.6), Sweden (EUR 36.6) and France (EUR 36).
Hourly labour costs in industry were EUR 27.4 in the EU and EUR 33.4 in the euro area. In services, they were EUR 26.6 and EUR 29.3, respectively. In construction, hourly labour costs were EUR 23.7 in the EU and EUR 26.7 in the euro area. In the mainly non-business economy (excluding public administration), they were EUR 27.2 and EUR 30.1, respectively.
However, according to the statistical office of the European Union, for Member States outside the euro area in 2017, the largest increase in hourly labour costs in the whole economy, expressed in national currency, were observed in Romania (+17.1 percent) and Bulgaria (+12 percent).
Within the euro area, the largest increases were recorded in the Baltic Member States: Lithuania (+9 percent), Estonia (+7.4 percent) and Latvia (+7 percent). The only decrease was observed in Finland (-1.5 percent).
In 2017, compared to previous year, hourly labour costs in the whole economy expressed in euro rose by 2.3 percent in the EU and by 1.9 percent in the euro area.