In 2023, European fabricated metal products sectors exhibited divergent wage trends. Germany led with high wages, slightly increasing by 0.45%. Italy and the UK saw declines, while France showed moderate growth of 0.75%. Switzerland and the Netherlands experienced significant increases, 2.94% and 3.64% respectively. Eastern Europe showed robust growth, with Romania and Lithuania at 4.39% and 12.54%. Ireland had an unusually high rise of 17.2%, indicating a unique local demand. In contrast, countries like Spain and Greece faced declining wage trends. Overall, Central and Eastern Europe demonstrated stronger growth compared to Western Europe.
Future trends to monitor include:
- Potential economic impacts due to inflation and geopolitical tensions.
- Diverging wage trends between Western Europe and rapidly growing Eastern European economies.
- Technological advancements influencing wage dynamics in the fabricated metal products sector.
- The potential impact of EU policies and regulations on wage alignment across member countries.
Top countries in Fabricated Metal Products (Except Machinery and Equipment) Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38,220 | 2023 | +1.68% | +0.45% | View data |
| 2 | 2 Italy | 13,030 | 2023 | +0.5% | -0.61% | View data |
| 3 | 3 France | 11,570 | 2023 | +0.81% | +0.75% | View data |
| 4 | 4 United Kingdom | 9,020 | 2023 | -0.11% | -0.18% | View data |
| 5 | 5 Spain | 6,290 | 2023 | -0.8% | -0.89% | View data |
| 6 | 6 Switzerland | 6,010 | 2023 | +2.05% | +2.94% | View data |
| 7 | 7 Poland | 4,570 | 2023 | +2.91% | +1.98% | View data |
| 8 | 8 Netherlands | 4,210 | 2023 | +2.43% | +3.64% | View data |
| 9 | 9 Austria | 3,740 | 2023 | +2.31% | +1.94% | View data |
| 10 | 10 Sweden | 2,600 | 2023 | +2.33% | +1.5% | View data |
