Denmark boasts highest labour costs in EU
Published on: 30 Mar 2015 16:18 CET
Denmark's hourly labour costs increased by 0.9 percent in 2014, up to 300.30 kroner (€40.30) from 297.7 kroner (€39.90) in 2013, according to data published by Eurostat on Monday.
Labour costs include wages and salaries, as well as non-wage costs such as employers' social contributions.
Denmark also had one of the smallest shares of non-wage costs, with just 13.1 percent of the country's labour costs coming from expenses other than wages and salaries. Only Malta had a smaller proportion of labour costs coming from non-wage items, at 6.9 percent, though Malta's average hourly labour costs were €12.30 (about 91.87 kroner).
Overall, the average hourly labour costs across the EU last year was €24.60 (about 183.78 kroner). Non-wage costs made up 24.4 percent of this.