In 2024, Belgium leads the European fluid power equipment sector with the highest Gross Value Added (GVA) per employee, followed by the United Kingdom and Italy. Germany, Sweden, and Austria also show strong performances, significantly surpassing southern and eastern European countries like Greece, Portugal, and Bulgaria. This data highlights a marked discrepancy in productivity across the continent, with Western European countries generally outperforming their Eastern counterparts. The calculated trends from previous years reveal a stagnant annual growth rate, suggesting limited growth in this sector over the recent past.
Future trends to consider include:
- The potential for innovation-driven productivity boosts in advanced economies.
- Investment in automation and efficient technologies to close the productivity gap.
- The influence of economic policies in Eastern Europe for boosting industrial performance.
- The impact of global supply chain dynamics on European manufacturing.
Top countries in Fluid Power Equipment Gross Value Added Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 112.4 | 2023 | View data |
| 2 | 2 United Kingdom | 100 | 2023 | View data |
| 3 | 3 Italy | 96.3 | 2023 | View data |
| 4 | 4 Germany | 93.4 | 2023 | View data |
| 5 | 5 Sweden | 91.1 | 2023 | View data |
| 6 | 6 Austria | 86.2 | 2023 | View data |
| 7 | 7 France | 85.5 | 2023 | View data |
| 8 | 8 Norway | 72.4 | 2023 | View data |
| 9 | 9 Finland | 71 | 2023 | View data |
| 10 | 10 Spain | 70.6 | 2023 | View data |
