In 2023, Germany led the European inland freight water transport sector in terms of wages and salaries, contributing significantly with 42.09 million euros, followed by France and Switzerland. Across the year, notable growth was seen in Sweden (35.92%) and Greece (52.81%). Conversely, Hungary and Bosnia and Herzegovina exhibited declines of -3.04% and -7.79%, respectively. Germany, Serbia, and Poland observed increases ranging from 8% to 9%, indicating robust growth. Over the past five years, the compounded annual growth rates indicate steady expansion in wages for Germany, France, Switzerland, and other key countries.
Future trends to watch for include:
- Germany's sustained dominance with the potential for diversification in its freight water transport expenses.
- Continued growth in emerging markets like Serbia and Poland, likely driven by economic growth and integration into broader European trade networks.
- Potential recovery in Hungary and Bosnia and Herzegovina with strategic policy adjustments.
- Monitoring the impacts of geopolitical developments and environmental regulations on the transport sector.
Top countries in Wages and Salaries of Inland Freight Water Transport Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.09 | 2023 | +2.54% | +8.76% | View data |
| 2 | 2 France | 20.23 | 2023 | +3.92% | +4.4% | View data |
| 3 | 3 Switzerland | 7.61 | 2023 | +1.01% | +0.68% | View data |
| 4 | 4 Romania | 5.45 | 2023 | +2.88% | +3.07% | View data |
| 5 | 5 Italy | 4.43 | 2023 | +9.43% | +3.71% | View data |
| 6 | 6 Sweden | 4.25 | 2023 | +17.61% | +35.92% | View data |
| 7 | 7 Serbia | 3.46 | 2023 | +8.8% | +9.35% | View data |
| 8 | 8 United Kingdom | 2.42 | 2023 | +3.26% | +1.77% | View data |
| 9 | 9 Belgium | 2.29 | 2023 | 0% | +1.39% | View data |
| 10 | 10 Slovakia | 1.63 | 2023 | +3.23% | +6.83% | View data |
