In 2023, Spain led the European Seafood Processing wages and salaries share, with notable year-on-year increases in Lithuania (14.97%) and Hungary (61.05%), indicating regional wage growth disparities. Despite Norway and the United Kingdom's minimal increases, Iceland and Denmark experienced notable declines, suggesting competitive pressures or structural shifts. Smaller economies, like Bulgaria and Portugal, showed resilience with steady wage increases.
Looking ahead, wage growth may be influenced by technological advancements and labor market dynamics. Regions with existing high wage shares could face plateauing growth, while Eastern European countries might see a continued upward trajectory, balancing local employment demands and economic expansion.
Top countries in Seafood Processing Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 18.09 | 2023 | +6.41% | +7.41% | View data |
| 2 | 2 Norway | 12.94 | 2023 | +0.35% | +0.085% | View data |
| 3 | 3 France | 12.15 | 2023 | +2.55% | +2.33% | View data |
| 4 | 4 United Kingdom | 9.24 | 2023 | +0.11% | +0.13% | View data |
| 5 | 5 Poland | 7.77 | 2023 | +5.87% | +7.28% | View data |
| 6 | 6 Germany | 6.47 | 2023 | +1.23% | +1.65% | View data |
| 7 | 7 Iceland | 6.1 | 2023 | -5.69% | -7.18% | View data |
| 8 | 8 Italy | 4.97 | 2023 | +3.73% | +4.52% | View data |
| 9 | 9 Denmark | 3.96 | 2023 | -2.33% | -3.49% | View data |
| 10 | 10 Portugal | 3.16 | 2023 | +2.47% | +4.35% | View data |
