In 2023, Germany led the European forestry sector with the highest wages and salaries at 948 million euros, followed by Austria. Notably, Cyprus exhibited the highest year-on-year growth in 2023 with a 10.29% increase, signaling robust industry expansion. In contrast, Spain saw a 2.01% decline, indicating potential challenges or market contractions. Over the past two years, most countries showed positive growth with a significant uptick in wages and salaries, with Greece notably increasing by 4.11%.
Looking forward, expect a continued focus on sustainability and technological innovation in forestry, potentially increasing wage growth in countries investing heavily in these areas. Watch for macroeconomic shifts that could influence forestry economics across Europe.
Top countries in Wages and Salaries in Forestry by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 948 | 2023 | +0.42% | +1.27% | View data |
| 2 | 2 Austria | 257.42 | 2023 | +1.72% | +1.64% | View data |
| 3 | 3 Spain | 225 | 2023 | 0% | -2.01% | View data |
| 4 | 4 Netherlands | 92 | 2023 | +2.22% | +2.33% | View data |
| 5 | 5 Greece | 37.3 | 2023 | +3.55% | +4.11% | View data |
| 6 | 6 Luxembourg | 12.19 | 2023 | -0.066% | +0.59% | View data |
| 7 | 7 Cyprus | 9.28 | 2023 | +7.42% | +10.29% | View data |
