- Export performance ·
- Press Release No. 67 ·
- 18 Oct 2016
Unit labour costs shape international trade
Even Germany, as an export nation, has to compete for shares on its sales markets. The cost for businesses to manufacture goods plays a vital role in this process. An interactive graphic by the Cologne Institute for Economic Research (IW Köln) reveals the following: when unit labour costs increase in comparison to the competition, export performance generally declines.