The European forestry and agricultural machinery wages and salaries share in 2023 showed Germany leading at €38.47 million, followed by Italy and France at €13.23 million and €10.74 million, respectively. Over the past year, Germany saw a 5.21% increase, while Lithuania had the highest rise at 12.97%. Declines were noted in Switzerland and Croatia, with steep drops in Greece by 27.12%. Over five years, notable growth can be expected in Eastern European countries like Lithuania and Poland, given their rapid increases in salaries.
Future trends indicate a continued rise in Eastern European wages due to economic development, while Western Europe sees gradual growth. Labor costs and mechanization advancement will be key factors influencing salaries, impacting cost structures and regional competitiveness in the European market.
Top countries in Forestry and Agricultural Machinery Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.47 | 2023 | +3.82% | +5.21% | View data |
| 2 | 2 Italy | 13.23 | 2023 | +1.85% | +1.31% | View data |
| 3 | 3 France | 10.74 | 2023 | +3.28% | +1.38% | View data |
| 4 | 4 Netherlands | 4.85 | 2023 | +2.76% | +3.86% | View data |
| 5 | 5 Austria | 4.29 | 2023 | +2.26% | +1.77% | View data |
| 6 | 6 Poland | 4.08 | 2023 | +6.25% | +5.98% | View data |
| 7 | 7 United Kingdom | 4.06 | 2023 | +2.16% | +2.09% | View data |
| 8 | 8 Belgium | 3.44 | 2023 | +0.81% | +1.79% | View data |
| 9 | 9 Spain | 3.33 | 2023 | +1.15% | +2.08% | View data |
| 10 | 10 Finland | 2.56 | 2023 | +1.7% | +1.46% | View data |
