In 2023, Germany led European countries in Iron and Steel wages and salaries, accounting for substantial activity with 43.61 million euros, followed by Italy and France. Notable year-on-year changes involved Slovakia's 2.1% increase, indicating burgeoning opportunities, while Greece faced a decline of 3.74%. Over the past five years, Slovakia also witnessed the highest annual growth rate, underscoring its rising role in the sector.
Future trends may involve:
- Focus on automation affecting labor costs and wage structures.
- Potential impacts of environmental regulation tightening across the EU.
- Increasing competition from developing nations could influence wage trends.
Top countries in Wages and Salaries in Iron and Steel Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.61 | 2023 | +1.1% | +1.04% | View data |
| 2 | 2 Italy | 15.36 | 2023 | +0.62% | +0.8% | View data |
| 3 | 3 France | 10 | 2023 | 0% | -0.32% | View data |
| 4 | 4 Austria | 7.94 | 2023 | +1.64% | +1.06% | View data |
| 5 | 5 Spain | 7.4 | 2023 | -1.23% | -1.93% | View data |
| 6 | 6 Belgium | 5.41 | 2023 | -0.2% | -0.075% | View data |
| 7 | 7 Netherlands | 4.79 | 2023 | +1.41% | +1.03% | View data |
| 8 | 8 Finland | 2.22 | 2023 | -0.69% | -1.07% | View data |
| 9 | 9 Slovakia | 2.17 | 2023 | +2.1% | +2.1% | View data |
| 10 | 10 Slovenia | 0.66 | 2023 | +1.75% | +1.27% | View data |
