The analysis of 2023 European wearing apparel wages and salaries revealed significant variances among countries. Italy leads with 4.16 billion euros, followed by Germany and France, while smaller economies like Cyprus, Iceland, and Malta report values below 0.003 billion euros. Year-on-year trends highlight significant increases in Serbia, Bulgaria, and Lithuania, contrasting with declines in France, Austria, and Belgium.
Future trends to watch:
- Potential economic growth in Eastern European countries like Serbia and Bulgaria may continue increasing wages.
- Western European nations might witness relatively stable or slightly declining trends influenced by market saturation and economic challenges.
- Technological advancements and shifts in apparel manufacturing could redistribute wage patterns.
Top countries in Wearing Apparel Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 4,160 | 2023 | +4.5% | +1.48% | View data |
| 2 | 2 Germany | 1,200 | 2023 | -0.23% | -1.51% | View data |
| 3 | 3 France | 1,020 | 2023 | -2.98% | -4.88% | View data |
| 4 | 4 Romania | 840.9 | 2023 | +5.47% | +0.67% | View data |
| 5 | 5 Portugal | 832.5 | 2023 | +0.29% | -0.51% | View data |
| 6 | 6 Spain | 784.4 | 2023 | +4.92% | +1.69% | View data |
| 7 | 7 Poland | 588 | 2023 | +0.92% | +1% | View data |
| 8 | 8 United Kingdom | 427 | 2023 | -3.2% | -2.95% | View data |
| 9 | 9 Bulgaria | 397.1 | 2023 | +5.81% | +2.41% | View data |
| 10 | 10 Serbia | 213.5 | 2023 | +8.05% | +8.86% | View data |
