Labor cost differences persist between Eastern and Western Europe, with Bulgaria at the low end and Luxembourg at the high end.
π Read the article on mediapool.bg
[This is an automatically generated summary, for reference only]
Eurostat data for 2024 shows significant differences in labor costs between Eastern and Western Europe within the EU. Bulgaria remains at the lowest end with a labor cost of only 10.6 euros per hour, while Luxembourg is at the high end, paying over five times more at 55.2 euros per hour. Denmark (50.1 euros per hour) and Belgium (48.2 euros per hour) are also among the top three for highest labor costs in the union, though economic convergence between these regions is occurring slowly.
