Greek Reporter | Labor Cost in Greece Drops Dramatically Greek Reporter More precisely, in 2008, the labor cost per hour in Greece was 16.7 euros, in 2010 it rose to 17.1 euros, and in 2012 it dropped to 14.8 euros per hour. Based on this data, Greece ranks fifth on the list of the countries with the lowest labor cost per ... Troubled Euro-zone Countries See Labor Costs Fall Hourly labour costs down 11.2% |