GITNUX MARKETDATA REPORT 2024
Statistics About The Average Labor Cost
The average labor cost varies by industry and location but typically represents a significant portion of overall operating expenses for businesses.
In this post, we explore a diverse range of labor cost statistics from various countries around the world for the years 2020 and beyond. From the average labor costs per hour in powerhouse economies like the U.S. and China to unique insights from countries like Nigeria and Norway, we delve into the fascinating landscape of global labor expenses. Dive in to discover the numbers behind labor costs in different sectors and regions, providing valuable insights into the economic dynamics at play.
Statistic 1
"The average labor cost per hour in the U.S. for 2020 was about $36.63."
Statistic 2
"The labor costs in China's manufacturing sector averaged ~$6.50/hour in 2020."
Statistic 3
"The capital city Ottawa had the highest average hourly labour cost in Ontario, at 44.5 Canadian dollars in 2020."
Statistic 4
"The average labor cost in the Australian manufacturing sector is 44 AUD/hour in 2020."
Statistic 5
"Norway has the highest labour costs in the Nordics with an average hourly cost of €46.1."
Statistic 6
"The labour cost per hour in Germany’s private sector reached an approximate amount of 41 euros in 2020."
Statistic 7
"In 2019, Nigeria had the least hourly labor cost at $0.38."
Statistic 8
"The average hourly labor cost in manufacturing in the UK was £27 in 2020."
Statistic 9
"The average labor cost per hour in France for Q3 2020 was 37.61 Euros."
Statistic 10
"The average hourly labor cost in Greece declined from 14.5 euros in 2008 to around 13.7 euros in 2020."
Statistic 11
"The average labor cost in Japan for companies with 30 or more employees slightly increased from 290 thousand yen per month in 1990 to roughly 360 thousand yen in 2020."
Statistic 12
"In South Korea, labor costs in manufacturing reached an approximate amount of 24,591 thousand dollars per month in October 2022."
Statistic 13
"Labor costs per hour highest in Denmark at 45.8 euros in 2021."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
