In 2024, Germany leads Europe's Electrical Equipment and Electronics Wages and Salaries Share, followed by France and Italy. Germany's share increased by 0.97% year-on-year. Poland showed the most significant growth at 7.47%, whereas Italy and the UK declined by 0.26% and 0.7%, respectively. Among smaller contributors, Ireland and Malta recorded high growth, at 9.12% and 8.84%. Some countries like Belgium and Luxembourg experienced declines, with changes of -1.32% and -3.35%. Over five years, Serbia and Lithuania demonstrated the highest compound annual growth rates (CAGR), highlighting expansion in the newer EU countries.
Future trends to watch include the possible impact of technological advancements and automation on wage structures in Western Europe. Additionally, Eastern European countries may continue to increase their share as they develop their manufacturing sectors, potentially adjusting the balance of wages and salaries across the continent in the electrical and electronics industry.
Top countries in Electrical Equipment and Electronics Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 47.24 | 2023 | +1.37% | +0.97% | View data |
| 2 | 2 France | 8.3 | 2023 | +0.62% | +0.099% | View data |
| 3 | 3 Italy | 7.48 | 2023 | +0.42% | -0.26% | View data |
| 4 | 4 Austria | 4.22 | 2023 | +1.66% | +1.01% | View data |
| 5 | 5 United Kingdom | 4.17 | 2023 | -1.02% | -0.7% | View data |
| 6 | 6 Switzerland | 4.01 | 2023 | +3.13% | +1.07% | View data |
| 7 | 7 Poland | 3.63 | 2023 | +6.57% | +7.47% | View data |
| 8 | 8 Spain | 3.56 | 2023 | -0.057% | -0.59% | View data |
| 9 | 9 Czech Republic | 2.73 | 2023 | +2.49% | +2.38% | View data |
| 10 | 10 Netherlands | 1.99 | 2023 | +2.07% | +3.02% | View data |
