In 2023, France led European labor costs in rental and leasing services with 37.97 million euros, followed by Germany at 23.81 million euros. The Netherlands, Italy, and Spain trailed, reflecting more modest figures. Rapid growth was observed in Belgium, Ireland, and Slovakia, with Ireland experiencing a notable 6.06% increase from the prior year. Contrarily, Spain uniquely presented the only decline at -0.39%.
Future trends to observe involve these rapidly growing markets potentially closing the gap with larger economies like France and Germany. The forecast for Ireland and Belgium indicates sustained growth potentials driven by economic expansions and industry demands.
Top countries in Labour Costs in Rental and Leasing Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 37.97 | 2023 | +2.04% | +1.97% | View data |
| 2 | 2 Germany | 23.81 | 2023 | +2.52% | +2.28% | View data |
| 3 | 3 Netherlands | 8.5 | 2023 | +2.45% | +2.1% | View data |
| 4 | 4 Italy | 7.82 | 2023 | +2.78% | +2.21% | View data |
| 5 | 5 Spain | 5.99 | 2023 | -0.28% | -0.39% | View data |
| 6 | 6 Belgium | 5.41 | 2023 | +3.75% | +4.46% | View data |
| 7 | 7 Ireland | 5.06 | 2023 | +4.57% | +6.06% | View data |
| 8 | 8 Austria | 2.47 | 2023 | +2.34% | +2.3% | View data |
| 9 | 9 Finland | 1.39 | 2023 | +2.82% | +2.85% | View data |
| 10 | 10 Greece | 0.7 | 2023 | +2.83% | +3.65% | View data |
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