Monthly data

The real value of work, sector by sector

Eurostat measures labour's value as value added per employee — but the rankings hide a capital bias. Here's how to read where work is actually paid well.

SP
Salvo Panarello
CEO
•May 1, 2026•3 min read
Language

Eurostat measures labour's value as value added per employee.

Top sectors: financial services (~€191k), real estate (€102k), ICT (€93k), manufacturing (€81k), against a €63k market average. Within manufacturing alone it ranges from €30k (apparel) to €484k (refining).

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Insight

This doesn't measure human effort alone. Capital-intensive sectors top the rankings because each worker is backed by massive capital, and value added includes its return. Real estate is further inflated by imputed rent (the notional rent of homeowners).

To see where labour is actually paid well, use the wage-adjusted ratio (value added / personnel cost): very high in energy (387%), finance (244%) and real estate (242%).

Bottom line: ICT, finance, energy, pharma, chemicals and specialized professional services.

Value added per employee by sector
Wage-adjusted ratio by sector
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SP
Salvo Panarello
CEO · Keix

Ha fondato Keix nel 2008 con l'obiettivo di rendere i dati accessibili alle PMI italiane. Scrive di cultura del dato, trend di mercato e strategie per le piccole e medie imprese.

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