Germany leads in labor costs in mining and quarrying in Europe, although experiencing a decrease of 5.04% in 2023. Italy, with a slight increase of 1.25%, follows next. The Netherlands shows a marginal decline, while Spain faces a more significant reduction. Austria and Greece have seen modest growths, with Finland experiencing notable growth. Meanwhile, Ireland faced a decline, whereas Belgium showed a significant increase. Smaller countries like Latvia and Lithuania experienced the most significant percentage increases.
Looking ahead, future trends to watch include regional shifts in labor cost due to technological advancements, environmental regulations, and geopolitical stability. Countries with increased focus on sustainable mining practices may see fluctuating labor costs as these potentially drive efficiency improvements and workforce changes.
Top countries in Labour Costs in Mining and Quarrying Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34.33 | 2023 | -4.02% | -5.04% | View data |
| 2 | 2 Italy | 16.93 | 2023 | +1.02% | +1.25% | View data |
| 3 | 3 Netherlands | 10.74 | 2023 | -1.07% | -0.33% | View data |
| 4 | 4 Spain | 7.93 | 2023 | -4.67% | -4.56% | View data |
| 5 | 5 Austria | 5.38 | 2023 | +0.99% | +0.89% | View data |
| 6 | 6 Greece | 5.11 | 2023 | +0.12% | +0.77% | View data |
| 7 | 7 Finland | 4.87 | 2023 | +2.17% | +2.03% | View data |
| 8 | 8 Portugal | 3.29 | 2023 | +0.68% | +0.18% | View data |
| 9 | 9 Ireland | 3.14 | 2023 | -1.21% | -2.1% | View data |
| 10 | 10 Belgium | 2.46 | 2023 | +1.39% | +2.31% | View data |
