In 2023, Germany had the highest employment services labor cost at 31.54 billion Euros. The Netherlands, Italy, and Belgium followed at 25.11 billion, 13.32 billion, and 9.1 billion Euros respectively. Spain, at 6.61 billion Euros, and Austria at 4.47 billion Euros, were mid-range among the countries considered. The smallest figures were reported by Finland, Ireland, Slovenia, Slovakia, Greece, and Estonia, with Estonia at just 0.1233 billion Euros. Year-on-year growth was notable in Ireland at 6.94% and Greece at 7.36%, while other countries saw more modest real growth, with Finland showing 3.4% and Spain 2.87%.
Looking forward, anticipate shifts due to automation, remote work trends, and economic policies targeting unemployment. Countries with higher labor costs might increase efficiency investments, whereas others may leverage low costs to attract new industries and services, thereby impacting the employment services sector across Europe.
Top countries in Labour Costs in Employment Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31,540 | 2023 | +2.67% | +1.65% | View data |
| 2 | 2 Netherlands | 25,110 | 2023 | +2.99% | +2.82% | View data |
| 3 | 3 Italy | 13,320 | 2023 | +3.7% | +2.78% | View data |
| 4 | 4 Belgium | 9,100 | 2023 | +2.61% | +2.35% | View data |
| 5 | 5 Spain | 6,610 | 2023 | +2.94% | +2.87% | View data |
| 6 | 6 Austria | 4,470 | 2023 | +3.14% | +3.02% | View data |
| 7 | 7 Finland | 2,750 | 2023 | +3.5% | +3.4% | View data |
| 8 | 8 Ireland | 2,180 | 2023 | +4.51% | +6.94% | View data |
| 9 | 9 Slovenia | 781.6 | 2023 | +3.09% | +3.26% | View data |
| 10 | 10 Slovakia | 345.27 | 2023 | +3.01% | +1.91% | View data |
