In 2023, Germany led European wages and salaries in the Basic Iron, Steel, and Ferro-Alloys sector with €4.8 billion, followed closely by Italy at €1.77 billion. Austria and France were next, with values of €1.44 billion and €1.3 billion respectively. Meanwhile, Romania, Norway, and Slovenia saw the most significant declines at -3.09%, -2.65%, and -0.28%. Hungary and Iceland experienced positive growth rates of 5.1% and 3.59%, while France, the UK, Spain, Belgium, and other nations saw slight decreases or fluctuations in their values.
Looking ahead, trends to watch include potential recovery in countries with recent declines and the impact of economic conditions on labor costs. Monitoring shifts in industrial activity and investment could reveal insights into wage adjustments across Europe.
Top countries in Basic Iron, Steel and Ferro-Alloys Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,800 | 2023 | +1.61% | +1.25% | View data |
| 2 | 2 Italy | 1,770 | 2023 | +5.68% | +2.22% | View data |
| 3 | 3 Austria | 1,440 | 2023 | +2.97% | +1.51% | View data |
| 4 | 4 France | 1,300 | 2023 | +3.34% | -0.52% | View data |
| 5 | 5 United Kingdom | 939.9 | 2023 | +0.29% | -0.12% | View data |
| 6 | 6 Spain | 819.2 | 2023 | -0.23% | -1.59% | View data |
| 7 | 7 Belgium | 761.8 | 2023 | -0.066% | -1.41% | View data |
| 8 | 8 Sweden | 625.6 | 2023 | +0.24% | +0.067% | View data |
| 9 | 9 Poland | 399.6 | 2023 | +1.52% | -1.86% | View data |
| 10 | 10 Finland | 392.9 | 2023 | -0.13% | -0.11% | View data |
