International Comparisons of Hourly Compensation Costs in Manufacturing, 2015 - Summary Tables

12 April 2016

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Table 1. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100)
Table 2. Average annual percent change in hourly compensation costs in manufacturing and exchange rates
Table 3. Components of hourly compensation costs in manufacturing, US dollars, 2015
Table 4. Manufacturing hourly compensation costs in China and India, in US dollars and as a percent of costs in the United States (US =100)

 

TABLE 1. Hourly compensation costs in manufacturing, in US dollars and as a percent of costs in the United States (US =100)
Hourly Compensation Costs(1)      
 Country  in US dollars   US = 100  
1997 (2) 2014 2015 1997 (2) 2014 2015
Switzerland 30.43 64.73 NA 132 175 NA
Norway 25.88 62.88 49.67 112 170 132
Belgium 28.95 55.60 46.56 126 150 123
Denmark 23.72 52.45 44.44 103 142 118
Sweden 25.05 50.15 41.68 109 135 111
Germany 28.86 49.47 42.42 125 134 112
Australia 19.29 46.07 38.75 84 124 103
Austria 24.91 45.71 39.19 108 123 104
Finland 22.36 45.03 38.46 97 122 102
France 24.87 44.18 37.59 108 119 100
Ireland 17.42 43.38 36.02 76 117 96
Netherlands 22.71 42.21 36.53 99 114 97
Italy 19.77 37.37 31.48 86 101 83
United States 23.04 37.04 37.71 100 100 100
Canada 18.50 34.56 30.94 80 93 82
United Kingdom 19.30 33.01 31.44 84 89 83
Spain 13.96 28.19 23.65 61 76 63
Japan 22.00 26.94 23.60 96 73 63
New Zealand 12.04 26.93 23.28 52 73 62
Singapore 12.16 26.82 25.41 53 72 67
South Korea 9.24 23.77 22.68 40 64 60
Israel 11.62 23.04 21.69 50 62 58
Greece 11.61 19.21 15.48 50 52 41
Argentina 7.55 17.68 20.76 33 48 55
Slovakia 2.84 12.92 11.26 12 35 30
Portugal 6.44 12.68 11.08 28 34 29
Estonia NA 12.41 11.02 NA 34 29
Czech Republic 3.25 11.74 10.29 14 32 27
Brazil 7.03 10.54 7.97 31 28 21
Poland 3.29 9.83 8.53 14 27 23
Hungary 3.05 9.49 8.25 13 26 22
Taiwan 7.07 9.49 9.51 31 26 25
Mexico 3.47 6.76 5.90 15 18 16
Turkey NA 6.25 5.81 NA 17 15
Philippines 1.24 2.11 2.16 5 6 6

For complete definitions and country information, see Technical Notes and Country Notes.
(1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes.
(2) With the exception of Estonia and Turkey, 1997 is the first year data for all countries are available. Source: The Conference Board, International Labor Comparisons program, April 2016   

 

 

TABLE 2. Average annual percent change in hourly compensation costs(1) in manufacturing and exchange rates
 Country  1998-2015   2014   2015  
National currency change Exchange rate change (2) US dollar change (3) National currency change Exchange rate change (2) US dollar change (3) National currency change Exchange rate change (2) US dollar change (3)
South Korea 6.1 -1.0 5.1 3.5 4.0 7.6 2.5 -6.9 -4.6
Estonia NA -0.1 NA 6.5 -0.1 6.5 6.2 -16.4 -11.2
United Kingdom 3.1 -0.4 2.7 1.1 5.3 6.5 2.6 -7.2 -4.8
Poland 6.3 -0.8 5.4 6.1 0.2 6.3 3.7 -16.3 -13.2
Slovakia 6.7 1.2 8.0 4.3 -0.1 4.2 4.2 -16.4 -12.9
New Zealand 3.4 0.3 3.7 3.0 1.2 4.2 2.8 -15.9 -13.6
Singapore 3.7 0.4 4.2 5.3 -1.2 4.0 2.8 -7.8 -5.2
Israel 4.2 -0.7 3.5 2.6 0.9 3.6 2.2 -7.9 -5.9
Ireland 4.5 -0.4 4.1 3.4 -0.1 3.3 -0.7 -16.4 -17.0
Austria 2.6 -0.1 2.5 3.1 -0.1 3.1 2.6 -16.4 -14.3
Netherlands 2.8 -0.1 2.7 2.7 -0.1 2.6 3.5 -16.4 -13.4
Germany 2.3 -0.1 2.2 2.5 -0.1 2.4 2.6 -16.4 -14.2
Switzerland NA 2.3 NA 1.2 1.2 2.4 NA -4.8 NA
Denmark 3.7 -0.1 3.5 2.1 0.1 2.2 1.6 -16.6 -15.3
France 2.4 -0.1 2.3 1.7 -0.1 1.6 1.8 -16.4 -14.9
United States 2.8 0.0 2.8 1.5 0.0 1.5 1.8 0.0 1.8
Italy 2.8 -0.1 2.6 1.3 -0.1 1.2 0.8 -16.4 -15.8
Finland 3.2 -0.2 3.1 1.2 -0.1 1.1 2.2 -16.4 -14.6
Belgium 2.8 -0.1 2.7 1.2 -0.1 1.1 0.2 -16.4 -16.3
Taiwan 2.3 -0.6 1.7 2.9 -2.0 0.9 5.2 -4.8 0.1
Greece 2.3 -0.7 1.6 0.9 -0.1 0.8 -3.6 -16.4 -19.4
Spain 3.1 -0.1 3.0 0.4 -0.1 0.4 0.3 -16.4 -16.1
Hungary 8.1 -2.2 5.7 4.2 -3.8 0.2 4.4 -16.7 -13.1
Brazil 7.2 -6.1 0.7 8.7 -8.4 -0.4 7.0 -29.4 -24.4
Mexico 7.0 -3.8 3.0 3.5 -3.9 -0.5 4.0 -16.1 -12.8
Philippines 5.6 -2.4 3.1 3.8 -4.4 -0.8 4.8 -2.4 2.2
Turkey NA -14.8 NA 13.1 -13.0 -1.6 15.7 -19.5 -6.9
Portugal 3.2 -0.2 3.1 -1.6 -0.1 -1.6 4.5 -16.4 -12.6
Australia 3.9 0.1 3.9 4.4 -6.6 -2.5 0.9 -16.7 -15.9
Sweden 3.4 -0.6 2.9 2.6 -5.1 -2.6 2.2 -18.7 -16.9
Czech Republic 5.1 1.4 6.6 3.2 -5.7 -2.7 3.9 -15.6 -12.3
Norway 4.4 -0.7 3.7 2.4 -6.8 -4.5 1.1 -21.9 -21.0
Canada 2.4 0.4 2.9 1.3 -6.9 -5.7 3.5 -13.5 -10.5
Japan 0.4 0.0 0.4 1.4 -7.9 -6.6 0.1 -12.5 -12.4
Argentina 19.7 -11.6 5.8 30.3 -32.4 -11.9 34.2 -12.5 17.4

 

For complete definitions and country information, see Technical Notes and Country Notes.
(1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes.
(2) Exchange rates are expressed as US dollars per foreign currency unit. A positive (negative) change signifies an appreciation (depreciation) in the foreign currency relative to the US dollar.
(3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country.
Source: The Conference Board, International Labor Comparisons program, April 2016   

 

TABLE 3. Components of hourly compensation costs as a percent of total hourly compensation costs in manufacturing, US dollars, 2015
  Hourly Compensation Costs(1)  as a percent of total hourly compensation  
    Total, In US Dollars  Social Insurance(2) Direct Pay  
Total Directly-Paid Benefits(3) Pay for Time Worked(4)
United States 37.71 23.7 76.3 9.3 67.0
Argentina 20.76 17.4 82.6 14.0 68.6
Australia 38.75 19.7 80.3 9.6 70.7
Austria 39.19 26.0 74.0 21.5 52.5
Belgium 46.56 32.2 67.8 20.2 47.6
Brazil 7.97 30.7 69.3 14.5 54.8
Canada 30.94 20.4 79.6 9.8 69.8
Czech Republic 10.29 26.6 73.4 12.6 60.8
Denmark 44.44 10.9 89.1 15.4 73.7
Estonia 11.02 26.0 74.0 9.6 64.4
Finland 38.46 20.4 79.6 20.7 58.9
France 37.59 30.4 69.6 13.2 56.4
Germany 42.42 21.7 78.4 21.0 57.3
Greece 15.48 23.5 76.5 18.2 58.4
Hungary 8.25 23.9 76.1 19.2 56.9
Ireland 36.02 16.6 83.4 22.1 61.3
Israel 21.69 17.0 83.0 8.3 74.8
Italy 31.48 28.2 71.8 18.6 53.2
Japan 23.60 18.1 81.9 25.8 56.1
Mexico 5.90 29.7 70.3 NA NA
Netherlands 36.53 22.2 77.8 20.1 57.7
New Zealand 23.28 4.0 96.0 12.2 83.7
Norway 49.67 17.0 83.0 NA NA
Philippines 2.16 8.2 91.8 17.1 74.7
Poland 8.53 17.9 82.1 23.1 59.0
Portugal 11.08 19.8 80.2 20.1 60.0
Singapore 25.41 18.2 81.8 18.2 63.6
Slovakia 11.26 27.6 72.4 19.7 52.8
South Korea 22.68 19.8 80.3 NA NA
Spain 23.65 25.6 74.4 20.1 54.3
Sweden 41.68 30.7 69.3 10.8 58.6
Switzerland(5) 64.73 18.4 81.6 19.0 62.7
Taiwan 9.51 15.1 84.9 NA NA
Turkey 5.81 17.0 83.1 15.1 67.9
United Kingdom 31.44 14.6 85.5 13.6 71.9

 

For complete definitions and country information, see Technical Notes and Country Notes.
(1) Compensation costs include direct pay, social insurance expenditures, and labor-related taxes.
(2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies.
(3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind.
(4) Pay for time worked is primarily base wages and salaries, overtime pay, regular bonuses and premiums (paid each pay period), and cost of living adjustments.
(5) Data for Switzerland refer to year 2014.
Source: The Conference Board, International Labor Comparisons program, April 2016

 

TABLE 4. Manufacturing hourly compensation costs in China and India, in US dollars and as a percent of costs in the United States (US =100)

 Hourly Compensation Costs(1)

   US Dollars  US = 100 
China India China India
1999 NA 0.68 NA 2.8
2000 NA 0.70 NA 2.8
2001 NA 0.71 NA 2.7
2002 0.60 0.73 2.2 2.7
2003 0.68 0.81 2.4 2.8
2004 0.74 0.85 2.5 2.9
2005 0.83 0.91 2.8 3.0
2006 0.95 0.95 3.1 3.1
2007 1.21 1.17 3.8 3.6
2008 1.59 1.26 4.9 3.8
2009 1.74 1.23 5.1 3.6
2010 1.98 1.46 5.7 4.2
2011 2.62 1.59 7.4 4.5
2012 3.07 1.59 8.6 4.5
2013 4.12 NA 11.3 NA

 

For country information and a description of data limitations associated with estimates for China and India, see the Country Notes.
(1) Due to various data gaps and methodological issues, compensation costs for China and India are not directly comparable to each other or with the data for other countries found in this report, and therefore are presented separately.
Source: The Conference Board, International Labor Comparisons program, April 2016


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Hourly Compensation Costs, 2015 - Download related products

International Comparisons of Hourly Compensation Costs in Manufacturing, 2015

Summary Tables

Data Tables

Technical Notes

Country Notes