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5d ago

Germany’s Labor Costs Rank Seventh in EU, Far Above Average

New data reveals Germany’s hourly labor cost reached €43.40 in 2024, 30% higher than the EU average of €33.50, with significant disparities across member states.

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Overview

  • Germany's average hourly labor cost in 2024 was €43.40, ranking seventh highest among EU member states.
  • Luxembourg had the highest labor cost at €55.20 per hour, while Bulgaria recorded the lowest at €10.60.
  • The EU average labor cost for 2024 stood at €33.50, making Germany's costs approximately 30% higher.
  • Labor costs in Germany increased by 5% in 2024, aligning with the EU average growth rate.
  • Eastern EU countries, including Poland, Croatia, and Bulgaria, saw the largest labor cost increases since 2020, while the Czech Republic experienced the smallest rise at 1.3%.