In 2023, Switzerland leads in the European Basic Pharmaceutical Products wages and salaries share, totaling 30.14 million euros. Italy and Spain follow, contributing 16.52 and 15.79 million euros respectively. Notable growth from 2022 to 2023 is seen in Belgium (34.26%) and Portugal (10.83%), while France faced a considerable decline (-15.23%). Over the past five years, the average annual growth (CAGR) signifies dynamic regional shifts driven by market demand and regulatory environments.
Future trends to watch include the impact of technological advancements and policy changes on labor costs in the pharmaceutical sector. Economic stability and industry innovations across Europe will influence wage and salary distributions in this sector.
Top countries in Basic Pharmaceutical Products Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 30.14 | 2023 | +3.55% | +6.28% | View data |
| 2 | 2 Italy | 16.52 | 2023 | +3.37% | +4.63% | View data |
| 3 | 3 Spain | 15.79 | 2023 | +8.31% | +7.69% | View data |
| 4 | 4 Austria | 9.39 | 2023 | +4.58% | +2.33% | View data |
| 5 | 5 United Kingdom | 7.57 | 2023 | +1.93% | +1.55% | View data |
| 6 | 6 Germany | 5.72 | 2023 | +0.32% | +2.95% | View data |
| 7 | 7 Belgium | 2.89 | 2023 | +11.3% | +34.26% | View data |
| 8 | 8 Portugal | 1.78 | 2023 | +9.6% | +10.83% | View data |
| 9 | 9 France | 1.15 | 2023 | -21.13% | -15.23% | View data |
| 10 | 10 Romania | 1.08 | 2023 | +3.93% | +8.99% | View data |
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