The European forestry and agricultural machinery sector shows significant variation in wages and salaries across countries. In 2023, the most considerable values were recorded in Germany, Italy, and France, with Germany exhibiting a marked year-on-year growth of 5.21%. Lithuania saw the highest surge in wages with a 12.97% increment. Conversely, Greece faced a sharp decline of 27.12%. Over the past five years, wages in Poland, Serbia, and Slovenia showed robust upward trends, while Switzerland, Norway, and Greece reflected declines or slow growth.
Future trends to watch include:
- Potential growth in Eastern European countries like Poland and the Baltic states, as they may experience structural shifts in industrial practices.
- Continued economic adjustments in countries facing decline, such as Greece, could lead to policy reforms aimed at reviving industrial wages.
- Impact of technological advancements and increasing automation on wage structures across varying economic climates in Europe.
Top countries in Forestry and Agricultural Machinery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,040 | 2023 | +3.82% | +5.21% | View data |
| 2 | 2 Italy | 1,050 | 2023 | +1.85% | +1.31% | View data |
| 3 | 3 France | 849.9 | 2023 | +3.28% | +1.38% | View data |
| 4 | 4 Netherlands | 383.8 | 2023 | +2.76% | +3.86% | View data |
| 5 | 5 Austria | 339.5 | 2023 | +2.26% | +1.77% | View data |
| 6 | 6 Poland | 322.9 | 2023 | +6.25% | +5.98% | View data |
| 7 | 7 United Kingdom | 321.4 | 2023 | +2.16% | +2.09% | View data |
| 8 | 8 Belgium | 272.3 | 2023 | +0.81% | +1.79% | View data |
| 9 | 9 Spain | 263.9 | 2023 | +1.15% | +2.08% | View data |
| 10 | 10 Finland | 203 | 2023 | +1.7% | +1.46% | View data |
