European Aircraft and Spacecraft Gross Value Added Per Employee FTE by Country

The 2023 data indicates that Belgium leads the European countries in Gross Value Added (GVA) per employee FTE in the Aircraft and Spacecraft sector with a value of 198 thousand Euros, followed by Germany at 158.4 thousand Euros. Austria, Switzerland, and Italy also show strong performance above 135 thousand Euros. Spain is at 115.9 thousand Euros while Poland and the United Kingdom fall behind at 59.5 and 54.9 thousand Euros respectively. Portugal, Czech Republic, Romania, and Croatia cluster between 32-38 thousand Euros, whereas Hungary and Greece exhibit the lowest GVA per employee FTE at 26.0 and 23.7 thousand Euros respectively.

In the last two years, Belgium, Germany, and Austria have all shown significant positive year-on-year growth trends, which reflect their strong sectors. Conversely, countries like Hungary and Greece remain static with minimal growth. Over the last five years, the average annual growth rate (CAGR) has indicated overall positive improvement across the majority of these countries.

Future trends to watch include:

• Increased automation and advanced manufacturing processes could drive GVA per employee higher, especially in leading countries.
• Continued investment in R&D and education will be crucial for maintaining the competitive edge and driving innovation in the sector.
• The impact of geopolitical factors and EU regulations on the trade and collaboration within Europe could influence the distribution of GVA across the countries.
• Monitoring the implications of sustainability initiatives and green technologies adoption in aerospace manufacturing.