Main Competitive Advantages

• Lower incidence of social charges: San Marino’s cost structure has a lower tax and contribution burden than many EU countries, ensuring greater sustainability for businesses.
• Higher paychecks for workers thanks to lower taxation, which strengthens purchasing power.
• Attractiveness of the labor market: Domestic unemployment is at historic lows, accompanied by a record of 8,200 cross-border workers hired.

Differences Between Public and Private Sectors

• Private sector: The average hourly cost varies from 21.94 euros in the Commerce sector to 24.60 euros in the Industry-Precision Mechanics sector. Despite contractual increases, labour costs remain lower than the European average (32.2 euros in the EU and 38.0 in the euro area).
• Public sector: Hourly costs are higher, with 27.02 euros for administrative staff and 48.85 euros for nursery school teachers, reflecting higher wages than in the private sector.

Recent increases

• The Industry sector recorded a 10% increase, supported by biennial renewals.
• The Services sector and the Banking sector saw increases of 3% respectively.
• In the public sector, the increase was 6%.

Comparison with Italy and the EU