Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Dynamic Business Location.

Austria: Competitive advantages for unit labor costs

Photo: APA © Photo: APA

In Germany, productivity is higher than the other industrialized countries examined in the study, and also higher than in Austria. Nevertheless, the economist wrote that “France and Austria were similarly productive to Germany, whereas the other countries were significantly behind: the United Kingdom and Canada by close to one-fifth, Spain, Japan and Italy by almost 40 percent.” However, the high productivity in Germany is not sufficient “to compensate for the disadvantage of high wage costs.”

Concerning unit labor costs in manufacturing industry, the level in Austria is put at 88, or twelve percent lower than the unit labor costs in Germany (100), according to the institute. Unit labor costs in the Eurozone were set at an average of 97. Italy ranks at the top, with unit labor costs of 110, whereas these costs in the USA are 25 percent lower than in Germany. 

Service: http://www.iwkoeln.de/presse/pressemitteilungen/beitrag/lohnstueckkosten-deutschland-hat-keinen-preisvorteil-262009

Share on Facebook Share on Facebook Share on Twitter Share on Twitter

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Meet us @ Plast/Ipack Ima

    29. - 30.05.2018, Milano, Italia

  • Austrian Economic Mission in Baltic States

    30.05.2018, Vilnius, Lithuania

Austria Map

Find the perfect location for your company

Storage and distribution for Eastern Europe is more economical from Vienna than from Prague or Budapest. Because shipping business between the individual reform nations is barely developed, whereas neary every Eastern destination is serviced from Vienna several times a week.

Hewlett Packard Austria

Logo
More testimonials

news from the business location Austria

In May Austria is THE startup hotspot

In their role as speakers, Apple co-founder Steve Wozniak, Angie Jones of Twitter and Microsoft AI expert Joseph Sirosh inspired an audience of 8,000 people attending the WeAreDevelopers Conference in Vienna in the middle of May.

Headquarters Cluster: New Impetus from Digitalization

Some 380 regional corporate headquarters are based in Austria. This is complemented by hundreds of Austrian companies which have emerged as global headquarters within the context of their internationalization. As a result, the Vienna metropolitan area ranks among the leading headquarters locations in Europe.

More news All blog posts