Latvia - Installation of Industrial Machinery and Equipment Labour Cost Per Employee FTE
Since 2014, Latvia Installation of Industrial Machinery and Equipment Labour Cost Per Employee FTE rose 5.6% year on year. In 2019, the country was ranked number 26 comparing other countries in Installation of Industrial Machinery and Equipment Labour Cost Per Employee FTE at €15.6 Thousand. Latvia is overtaken by Greece, which was ranked number 25 with €16.8 Thousand and is followed by Romania with €11.6 Thousand. Luxembourg lead the ranking with €107.8 Thousand in 2019, that is +2.8% versus 2018. Norway, Iceland and Switzerland respectively ranked number 2, 3 and 4 in this ranking. Lithuania recorded the best 5 years average growth at +13.6% per year, while United Kingdom witnessed the worst performance at -4.7% per year.
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| Date | Thousand Euros |
|---|---|
| 2019 | 15.60 |
| 2018 | 15.30 |
| 2017 | 15.40 |
| 2016 | 14.50 |
| 2015 | 10.70 |
How does Latvia rank in Installation of Industrial Machinery and Equipment Labour Cost Per Employee FTE?
| # | 30 Countries | Thousand Euros | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Luxembourg
|
107.80 | 2019 | +2.8 % | +6.4 % | View data | |
| 2 |
#2
Norway
|
106.90 | 2019 | +1.7 % | -1.0 % | View data | |
| 25 |
#25
Greece
|
16.80 | 2019 | +4.3 % | +0.1 % | View data | |
| 26 |
#26
Latvia
|
15.60 | 2019 | +2.0 % | +5.6 % | View data | |
| 27 |
#27
Romania
|
11.60 | 2019 | +1.8 % | +2.8 % | View data | |