In 2023, Germany dominated European labour costs in Chemical, Rubber, Plastics, Fuel Products, and Other Non-metallic Mineral Products, at €42.89 million. France and Italy followed with €15.32 million and €14.57 million respectively. Over the past year, Estonia saw the highest growth at 2.71%, while Spain experienced a slight decline of 0.22%.
Future trends to watch for include:
- Germany's continued leadership in labour costs, with potential increases due to technological advancements and higher wage demands.
- Emerging markets like Slovenia, Lithuania, and Estonia are expected to see above-average growth rates, indicating potential shifts in regional labor cost dynamics.
- Factors such as regulatory changes and economic recovery trajectories could significantly impact labour cost distribution across Europe.
Top countries in Labour Costs in Chemical, Rubber, Plastics, Fuel Products and Other Non-metallic Mineral Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.89 | 2023 | +1.63% | +1.87% | View data |
| 2 | 2 France | 15.32 | 2023 | +0.51% | +0.32% | View data |
| 3 | 3 Italy | 14.57 | 2023 | +0.66% | +0.83% | View data |
| 4 | 4 Spain | 7.85 | 2023 | -0.079% | -0.22% | View data |
| 5 | 5 Belgium | 6.67 | 2023 | +1.43% | +1.71% | View data |
| 6 | 6 Netherlands | 4.92 | 2023 | +0.93% | +0.79% | View data |
| 7 | 7 Austria | 3.63 | 2023 | +1.72% | +1.66% | View data |
| 8 | 8 Finland | 1.51 | 2023 | +0.79% | +0.77% | View data |
| 9 | 9 Greece | 0.98 | 2023 | +0.086% | +0.87% | View data |
| 10 | 10 Slovenia | 0.81 | 2023 | +2.36% | +2.11% | View data |
