In 2023, Germany led the European ICT wages and salaries distribution with €21.89M, exhibiting a strong year-on-year growth of 8.23%. The UK and France followed with €17.19M and €14.01M respectively, despite the UK's slower 2.21% growth. Poland and Ireland marked significant increases at 8.87% and 12.88%, while Romania (13.27%), Bulgaria (15.87%), and Portugal (13.28%) showed remarkable growth, reflecting emerging ICT markets. Interestingly, Serbia and Lithuania experienced exceptional growth rates of 27.15% and 26.24% respectively, highlighting their expanding market potential. Over 5 years, broader regional trends depict a robust CAGR, driven largely by Eastern Europe’s burgeoning ICT landscape.
Looking forward, Europe's ICT wage share trends will likely be influenced by technological advancements, remote work trends, and digital infrastructure investments. Eastern European countries and smaller Western European nations may continue to see high growth rates as they advance in digital skills and infrastructure, fostering competitiveness and attracting more ICT investments. Monitoring these changes will be crucial for stakeholders looking to capitalize on emerging opportunities within the diverse European market.
Top countries in ICT Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21.89 | 2023 | +7.73% | +8.23% | View data |
| 2 | 2 United Kingdom | 17.19 | 2023 | +1.73% | +2.21% | View data |
| 3 | 3 France | 14.01 | 2023 | +6.17% | +6.15% | View data |
| 4 | 4 Spain | 5.51 | 2023 | +7.16% | +7.93% | View data |
| 5 | 5 Italy | 4.96 | 2023 | +2.26% | +3.56% | View data |
| 6 | 6 Netherlands | 4.81 | 2023 | +8.19% | +8.2% | View data |
| 7 | 7 Switzerland | 4.68 | 2023 | +5.14% | +8.67% | View data |
| 8 | 8 Sweden | 3.05 | 2023 | +2.58% | +5.7% | View data |
| 9 | 9 Ireland | 2.48 | 2023 | +11.92% | +12.88% | View data |
| 10 | 10 Poland | 2.26 | 2023 | +5.33% | +8.87% | View data |
