In 2023, France led the European floating structures and shipbuilding sectors with wages and salaries amounting to 1.32 billion euros, followed by the UK and Norway at 1.29 and 1.24 billion euros, respectively. Significant growth was noted in Poland (12.96%), Lithuania (34.86%), and Serbia (12.16%), while Spain, Croatia, and Greece saw declines. Over the past five years, Belgium and Slovenia have shown stability with a 0% annual variation, indicating steady demand and labor cost management.
Looking ahead, keep an eye on Eastern European countries like Poland and Lithuania for potential expansion in shipbuilding due to rising labor costs in traditionally dominant Western European nations. Monitor technological advancements and automation in shipbuilding to further impact wage structures and competitiveness in these regions.
Top countries in Floating Structures Building and Shipbuilding Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,320 | 2023 | +6.47% | +8.13% | View data |
| 2 | 2 United Kingdom | 1,290 | 2023 | +2.09% | +1.27% | View data |
| 3 | 3 Norway | 1,240 | 2023 | +1.61% | +0.87% | View data |
| 4 | 4 Germany | 1,110 | 2023 | +2.71% | +4.66% | View data |
| 5 | 5 Italy | 692.3 | 2023 | +0.087% | +1.36% | View data |
| 6 | 6 Spain | 332.4 | 2023 | -0.42% | -1.8% | View data |
| 7 | 7 Romania | 256.2 | 2023 | +2.07% | +3.22% | View data |
| 8 | 8 Finland | 184.5 | 2023 | -0.43% | +2.66% | View data |
| 9 | 9 Poland | 136.1 | 2023 | +6.33% | +12.96% | View data |
| 10 | 10 Lithuania | 91 | 2023 | +11.93% | +34.86% | View data |
