26 April Eurostat published a news release on estimated hourly labour costs in 27 EU countries in 2011. The highest salary per hour was estimated in Belgium ( 39,3 EURO) and the lowest in Bulgaria with only 3,5 EURO per hour. According to the report, labour costs are made up of costs for wages and salaries, plus employer’s social contributions. The estimated results covered companies with more than 10 employees and are based on the 2008 Labour Cost Survey and the Labour Cost Index.
Labour cost index is a short-term indicator that shows the development of hourly labour costs received by employers. It is simply calculated dividing the labour cost by the number of hours worked.
Labour Cost Survey gives structural information on labour costs. The survey is conducted every four years. The
most recent LCS refers to information for the year 2008.
Please not that data for Romania and Spain for 2009 and 2010 were not estimated by Eurostat, but were provided by the Member States. Also the data for Greece and Romania are from 2010, the data for last year is still not available.
Details to the table:
Belgium 39.3 EURO
Czech Republic 10.5
United Kingdom 20.1