Labour Relatively Cheap In Hungary
- 5 May 2015 9:00 AM
Hourly labour costs are lower in Hungary than in all but four other EU members states, according to calculations by German statistics office Destatis. Hourly labour costs here were €7.8 in 2014, up 3.5% from one year earlier. This is slightly more than the €7 in Latvia, €6.6 in Lithuania, €4.8 in Romania and €3.8 in Bulgaria.
Just ahead of Hungary, labour costs are an hourly €8.2 in Poland, €9.3 in Croatia, and €9.6 in the Czech Republic.
At the other extreme, wage costs in Denmark are €42 per hour.
Source: Hungary Around the Clock
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