In 2023, Germany led European labour costs in Architectural and Engineering Activities; Technical Testing and Analysis, reaching €37.86 billion with a 3.19% year-on-year increase. Spain and the Netherlands followed with €8.27 billion and €7.58 billion respectively, while both saw moderate growth. Italy and Belgium showed notable growth with 2.45% and 3.03% respectively, whereas Finland's progression was stable at 2.22%. Ireland's highest growth was 4.02%, despite smaller scale, while smaller countries like Luxembourg and Slovakia climbed by 2.83% and 3.77%. Greece, Slovenia, and Estonia had minimal growth, indicating regional disparities.
Future trends to watch include:
- Continued growth in Ireland and Slovakia is expected, driven by increased investments.
- Germany's labor costs will likely stabilize with a focus on efficiency improvements.
- Expansion in the Nordic economies driven by sustainability projects.
- Potential for decreased labor costs due to automation and EU-wide regulatory changes.
Top countries in Labour Costs in Architectural and Engineering Activities; Technical Testing and Analysis by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 37,860 | 2023 | +3% | +3.19% | View data |
| 2 | 2 Spain | 8,270 | 2023 | +1.4% | +1.34% | View data |
| 3 | 3 Netherlands | 7,580 | 2023 | +1.77% | +1.62% | View data |
| 4 | 4 Italy | 4,810 | 2023 | +1.91% | +2.45% | View data |
| 5 | 5 Belgium | 3,340 | 2023 | +2.56% | +3.03% | View data |
| 6 | 6 Finland | 3,050 | 2023 | +2.21% | +2.22% | View data |
| 7 | 7 Austria | 2,960 | 2023 | +2.24% | +2.08% | View data |
| 8 | 8 Ireland | 1,630 | 2023 | +2.94% | +4.02% | View data |
| 9 | 9 Luxembourg | 593.8 | 2023 | +2.93% | +2.83% | View data |
| 10 | 10 Slovakia | 513.78 | 2023 | +2.98% | +3.77% | View data |
