France leads in European labor costs for Scientific R&D, reflecting its strong R&D infrastructure, followed by Germany, Italy, and the Netherlands. Smaller markets like Lithuania and Estonia show growth potential despite lower absolute values. Germany and Belgium recorded the highest year-on-year increases in labor costs in 2023, suggesting investment growth. Consistent growth in labor costs indicates a positive trend for most countries, with Greece and Belgium showing notable increases.
Future trends to watch for include rising costs in emerging markets like Slovakia and Estonia, driven by talent acquisition and investment. The divergence in growth rates across countries suggests market opportunities and challenges based on labor cost evolution.
Top countries in Labour Costs in Scientific R&D by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 24,570 | 2023 | +1.74% | +1.98% | View data |
| 2 | 2 Germany | 16,100 | 2023 | +2.82% | +3.09% | View data |
| 3 | 3 Italy | 7,190 | 2023 | +1.39% | +1.79% | View data |
| 4 | 4 Netherlands | 3,160 | 2023 | +2.43% | +2.58% | View data |
| 5 | 5 Spain | 2,470 | 2023 | +1.77% | +1.81% | View data |
| 6 | 6 Belgium | 1,290 | 2023 | +2.81% | +3.61% | View data |
| 7 | 7 Austria | 1,230 | 2023 | +2.87% | +3.35% | View data |
| 8 | 8 Finland | 956 | 2023 | +1.06% | +0.84% | View data |
| 9 | 9 Ireland | 508.77 | 2023 | +3.21% | +2.57% | View data |
| 10 | 10 Greece | 386.5 | 2023 | +2.2% | +4.23% | View data |
