Lithuania had the third lowest labour costs in the EU according to the latest figures from Eurostat, the European statistics agency.
© E.Laučiūtės nuotr.

Average hourly labour costs in the Lithuanian economy (excluding agriculture and public administration) were €6.80 in 2015, ahead of only Bulgaria at €4.10 and Romania at €5 in the European Union.

Hourly labour costs were estimated to be an average of €25 across the European Union and an average of €29.50 in the eurozone.

Lithuania experienced the second highest rate of increase in labour costs in the EU rising 5.6% in 2015, only Baltic neighbour Latvia exceeded that rate of increase with a 7.3% rise in labour costs.

Baltic neighbour Latvia had the fourth lowest labour costs at €7.10, with Estonia in tenth place with an average hourly labour cost of €10.40.

Labour costs as calculated by Eurostat are made up of wages and salaries and non-wage costs such as employers' social contributions.

Denmark had the highest labour costs at €41.30 an hour followed by Belgium (€39.1), Sweden (€37.4), Luxembourg (€36.2) and France (€35.1).

Between 2014 and 2015, Eurostat said hourly labour costs in the whole economy rose by 2.0% in the EU and by 1.5% in the eurozone.

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