In 2023, Germany led in the European Precious Metals industry with over 5 million hours worked, despite a slight decrease from the previous year. Italy and Greece showed positive growth, with Italy experiencing a 5.86% increase in labor hours. Poland and the Netherlands witnessed declines, particularly the Netherlands with a substantial 13.58% drop. Smaller markets like Latvia remained stable. The five-year compound annual growth rate reflects varied dynamics, with some countries showing resilience and others declining.
Future trends to watch include potential labor market adjustments due to technological advancements, geopolitical implications on resource accessibility, and economic conditions influencing industry demand across Europe.
Top countries in Precious Metals Hours Worked by Country
| # | 9 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,288,600 | 2023 | -1.93% | -3.72% | View data |
| 2 | 2 Italy | 2,953,800 | 2023 | -0.26% | +5.86% | View data |
| 3 | 3 Poland | 363,710 | 2023 | -2.17% | -1.12% | View data |
| 4 | 4 Portugal | 202,270 | 2023 | +5.59% | -0.5% | View data |
| 5 | 5 Norway | 123,130 | 2023 | +2.21% | -0.32% | View data |
| 6 | 6 Greece | 109,580 | 2023 | -4.43% | +2.89% | View data |
| 7 | 7 Finland | 51,430 | 2023 | -4.04% | -2.84% | View data |
| 8 | 8 Netherlands | 17,860 | 2023 | -20.82% | -13.58% | View data |
| 9 | 9 Latvia | 5,190 | 2023 | +20.63% | View data |
