Hourly labour costs in Ireland just above Euro Area average in 2016

New Eurostat figures show that hourly labour costs in Ireland in 2016 stood at €30.4, up 1.3% on 2015, and just above the Euro Area average of €29.8. The share of non-wage costs (i.e. employer’s contribution and taxes) in Ireland across the economy was 13.8% in 2016, well below the EU (23.9%) and Euro Area (26.0%) averages. Non-wage costs were highest in France (33.2%) and lowest in Malta (6.6%). On average hourly labour costs across the EU were €25.4 with Denmark (€42.0), Belgium (€39.2) and Sweden (€38.0) having the highest rates and Bulgaria (€4.4), Romania (€5.5), Lithuania (€7.3), Latvia (€7.5) the lowest. Labour costs are made up of wages and salaries and non-wage costs such as employers’ social contributions.

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