As of 2023, Germany leads in European labor costs within the wholesale, retail trade, and repair of motor vehicles and motorcycles, reflecting 35.91 million euros, followed by France at 24.49 million euros, and Italy at 10.25 million euros. Year-on-year growth demonstrates positive trends, with Germany increasing by 2.42%, France by 1.31%, and emerging growth in Slovakia and Estonia at 3.99% and 3.29%, respectively. Contrarily, Greece faced a decline of 1.7%. The five-year CAGR points to a gradual increase in labor costs in these industries.
Future trends to watch for include:
- Technological innovations enhancing efficiencies and possibly affecting labor demand.
- Economic policies focused on retail and automotive industries potentially reshaping costs.
- Fluctuating consumer demand influencing labor dynamics across European countries.
Top countries in Labour Costs in Wholesale, Retail Trade and Repair of Motor Vehicles and Motorcycles Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35.91 | 2023 | +1.99% | +2.42% | View data |
| 2 | 2 France | 24.49 | 2023 | +1.35% | +1.31% | View data |
| 3 | 3 Italy | 10.25 | 2023 | +1.57% | +2.29% | View data |
| 4 | 4 Spain | 9.07 | 2023 | +0.94% | +0.78% | View data |
| 5 | 5 Netherlands | 5.78 | 2023 | +1.11% | +0.93% | View data |
| 6 | 6 Belgium | 4.6 | 2023 | +1.57% | +1.85% | View data |
| 7 | 7 Austria | 3.94 | 2023 | +1.83% | +1.74% | View data |
| 8 | 8 Finland | 2.3 | 2023 | +1.96% | +1.98% | View data |
| 9 | 9 Ireland | 1.17 | 2023 | +1.63% | +1.48% | View data |
| 10 | 10 Greece | 0.67 | 2023 | -2.88% | -1.7% | View data |
