The European Labour Costs in Agriculture, Forestry, and Seafood varied significantly by country in 2023. France, Italy, and Germany lead with high values of 10.79, 10.19, and 8.69 billion euros respectively, suggesting robust labor markets. Notably, smaller economies like Slovenia and Luxembourg had minimal costs of 0.117 and 0.05748 billion euros. A year-over-year review for 2023 showed that most countries, like Belgium and Greece, experienced growth in labor costs, with Belgium leading at 4.24%. Conversely, Slovenia's costs decreased by -0.46%, indicating a potential shift or contraction in its labor market for the sector.
Looking ahead, the European labor market in Agriculture, Forestry, and Seafood will likely experience continued growth influenced by technological advancements and policy reforms. Countries with significant growth rates in 2023, like Belgium and Greece, might sustain their upward trajectory. However, economic shifts, environmental policies, and market demands will be key areas impacting future labor costs. Stakeholders should monitor these trends closely, particularly noticing regions with marked increases or decreases in labor expenses, to make informed decisions.
Top countries in Labour Costs in Agriculture, Forestry and Seafood by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 10,790 | 2023 | +1.3% | +1.6% | View data |
| 2 | 2 Italy | 10,190 | 2023 | +1.58% | +1.7% | View data |
| 3 | 3 Germany | 8,690 | 2023 | +1.33% | +1.54% | View data |
| 4 | 4 Spain | 5,840 | 2023 | +1.44% | +1.56% | View data |
| 5 | 5 Netherlands | 3,710 | 2023 | +1.53% | +1.33% | View data |
| 6 | 6 Portugal | 1,450 | 2023 | +2.29% | +2.03% | View data |
| 7 | 7 Greece | 1,060 | 2023 | +2.25% | +3.29% | View data |
| 8 | 8 Finland | 983 | 2023 | +0.41% | +0.64% | View data |
| 9 | 9 Austria | 850.59 | 2023 | +2.2% | +2.11% | View data |
| 10 | 10 Ireland | 824.79 | 2023 | +1.79% | +2.57% | View data |
