According to Eurostat, the lowest hourly wages in 2023 were recorded in Bulgaria at 9.23 euros, while the highest wages were recorded in Luxembourg at 53.9 euros/hour.
Overall, the average cost of labor was estimated at €31.8/hour in the EU and €35.6 in the Eurozone.
Lowest hourly pay:
- Bulgaria – €9.23
- Romania – €11.0
- Hungary – €12.8
Highest hourly pay:
- Luxembourg – €53.9
- Denmark – €48.1
- Belgium – €47.1
As for estimates by industry, in industry the average hourly wage was 32.2 euros in the EU and 38.0 euros in the Eurozone, in the service sector – 31.8 euros and 34.8 euros, in construction – 28.5 and 31.9 euros respectively.
Overall, hourly labor costs increased by 5.3% in the EU and 4.8% in the Eurozone, compared to 2022. Among the EU countries, the largest wage increase was in Hungary (+17.0%), and the smallest in Denmark (+2.7%).
Meanwhile, taking into account the size of the nominal minimum wage in Ukraine of UAH 7,100, the hourly amount of minimum payments stipulated by law in our country is UAH 42.6.
According to statistics maintained by Work.ua based on more than 100,000 vacancies and 4 million resumes, the average monthly salary in Ukraine currently reaches UAH 18,780 per resume and UAH 19,766 for vacancies.
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