Hungary Labor Costs 3rd-lowest in EU
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Hourly labor costs at enterprises with at least 10 people on payroll stood at EUR 12.8 in Hungary last year, the third-lowest in the European Union, data compiled by Eurostat show.
Hourly labor costs were lower only in Romania (EUR 11) and Bulgaria (EUR 9.3).
In a regional comparison, hourly labor costs were EUR 14.5 in Poland, EUR 17.2 in Slovakia, and EUR 18 in Czechia.
Labor costs across the EU averaged EUR 31.8 per hour.
In local currency, labor costs in Hungary climbed 17% last year, the fastest rate in the EU.
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