Labour: EU-17, Spanish and Greek manpower cost below average

Eurozone 2011 hourly cost at EUR 27.60

24 April, 15:54

    (ANSA) - BRUSSELS, APRIL 24 - Spanish and Greek manpower are among those costing the least in the eurozone. This was confirmed by the latest Eurostat data, which show that the average hourly compensation costs in 2011 in the EU-17 were at 27.6 euros, compared with 20.6 in Spain in the same year and 17.5 euros in Greece in 2010. Among EU countries in the Mediterranean, in top place is France at 34.2 euros per house, while Italy is at 26.8. Following are cheaper costs in Cyprus (16.5 euros), Slovenia (14.4), Portugal (12.1) and Malta (11.9). In the EU-17, the highest point was seen in Belgium (39.3 euros per hour), while in Germany an hour of manpower was paid at 30.1 euros and in Ireland 27.4. Looking at the average in the EU-27, the hourly labour costs dropped to 23.1 euros, with countries like Bulgaria (3.5), Romania (4.2 in 2010), Lithuania (5.5) and Latvia (5.9) seeing wages not even a fifth of what is seen in Belgium, Sweden and Denmark. (ANSAmed).

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