The 2023 actual data indicates that Germany had the highest labor costs in ICT services at 6.74 billion euros, followed by France and Italy. The Netherlands, Ireland, and Greece occupied mid-range positions, with Slovenia at the lowest. The year-on-year variation from 2022 highlighted significant growth in Germany and the Netherlands, whereas Ireland saw the largest increase.
In terms of compounded yearly growth over the last five years, Germany and the Netherlands have shown substantial upward trends, suggesting a strong and sustained growth trajectory. Meanwhile, Slovenia’s modest increase reflects smaller-scale growth within the sector.
Future trends to watch include the potential for increased labor costs in emerging Eastern European markets, spurred by digital transformations and rising demand for ICT services. Additionally, varying economic policies and labor regulations across countries could further influence future cost differentials.
Top countries in Labour Costs in ICT Services by Country
| # | 7 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,740 | 2023 | +2.54% | +3.43% | View data |
| 2 | 2 France | 5,610 | 2023 | +1.91% | +2.24% | View data |
| 3 | 3 Italy | 3,830 | 2023 | +1.07% | +1.36% | View data |
| 4 | 4 Netherlands | 1,130 | 2023 | +3.38% | +3.16% | View data |
| 5 | 5 Ireland | 604.42 | 2023 | +2.66% | +3.95% | View data |
| 6 | 6 Greece | 126.68 | 2023 | +2.16% | +1.82% | View data |
| 7 | 7 Slovenia | 56.94 | 2023 | +2.71% | +2.25% | View data |
