Germany has increased its competitiveness

Germany’s Federal Statistical Office (DESTATIS) has compared European labor costs and non-wage costs and the comparison shows that labor costs in Germany have increased by just one percent in 2007 which is the smallest increase of all EU countries. However, German labor costs are the 7th highest in the EU behind Denmark, Sweden, Belgium, Luxembourg, France and the Netherlands.

The average labor costs in Germany amount to 29.10 euros an hour. That’s less than Denmark’s 33.50 euros but much more than the European average of 22.30 euros and Bulgaria’s 2.10 euros an hour. To narrow this huge gap is one of the aims of the EU whose purpose – amongst others – is to equal and improve the living conditions throughout Europe.

http://www.destatis.de/jetspeed/portal/cms/Sites/destatis/Internet/EN/Content/Statistics/VerdiensteArbeitskosten/Aktuell,templateId=renderPrint.psml

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