In 2023, European construction services wages and salaries varied significantly by country. Germany led with €28.63 billion, followed by France at €15.71 billion. Notably, the United Kingdom, Switzerland, and Italy also demonstrated substantial expenditures. Conversely, Eastern European countries like Bulgaria, Latvia, and Cyprus reported much lower values, with Macedonia registering the least at €0.0236 billion.
A year-on-year review reveals Germany (6.62%) and Switzerland (6.49%) showing strong growth, while the UK experienced a slight decline (-0.87%). Eastern European countries such as Poland (12.44%) and Hungary (11.27%) witnessed substantial increases, indicative of their developing markets. Key Western countries like France (2.14%) and Italy (0.83%) displayed modest growth.
Future trends to watch include the potential for continued robust growth in Eastern European markets due to economic development phases and infrastructure investments. Western Europe’s mature markets might focus on technological advancements and efficient construction practices influencing wage and salary trends.
Top countries in Wages and Salaries in Construction Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28,630 | 2023 | +5.26% | +6.62% | View data |
| 2 | 2 France | 15,710 | 2023 | +1.4% | +2.14% | View data |
| 3 | 3 United Kingdom | 9,920 | 2023 | -0.21% | -0.87% | View data |
| 4 | 4 Switzerland | 8,920 | 2023 | +4.27% | +6.49% | View data |
| 5 | 5 Italy | 7,570 | 2023 | +0.86% | +0.83% | View data |
| 6 | 6 Spain | 7,260 | 2023 | +1.99% | +0.32% | View data |
| 7 | 7 Netherlands | 6,020 | 2023 | +4.63% | +5.96% | View data |
| 8 | 8 Sweden | 4,570 | 2023 | +2.92% | +3.01% | View data |
| 9 | 9 Austria | 3,590 | 2023 | +3.18% | +3.62% | View data |
| 10 | 10 Norway | 3,220 | 2023 | +2.04% | +0.3% | View data |
