In 2023, Germany led the European construction services wage market with 25.63 million Euros, while France and the UK followed. Notable year-on-year increases were seen in Germany at 6.62% and Switzerland at 6.49%, whereas the UK saw a decrease of 0.87%. Poland surged by 12.44% and Romania by 9.56%, suggesting robust growth in emerging markets. Over the past five years, significant annual average growth was noted in Hungary, Slovenia, and Romania.
Future trends to watch include a potential shift in wage share towards Eastern European countries as they continue to exhibit strong growth. Labor shortages and inflation pressures might also impact future wage trends across Europe.
Top countries in Wages and Salaries in Construction Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25.63 | 2023 | +5.26% | +6.62% | View data |
| 2 | 2 France | 14.07 | 2023 | +1.4% | +2.14% | View data |
| 3 | 3 United Kingdom | 8.88 | 2023 | -0.21% | -0.87% | View data |
| 4 | 4 Switzerland | 7.99 | 2023 | +4.27% | +6.49% | View data |
| 5 | 5 Italy | 6.78 | 2023 | +0.86% | +0.83% | View data |
| 6 | 6 Spain | 6.5 | 2023 | +1.99% | +0.32% | View data |
| 7 | 7 Netherlands | 5.39 | 2023 | +4.63% | +5.96% | View data |
| 8 | 8 Sweden | 4.09 | 2023 | +2.92% | +3.01% | View data |
| 9 | 9 Austria | 3.21 | 2023 | +3.18% | +3.62% | View data |
| 10 | 10 Norway | 2.89 | 2023 | +2.04% | +0.3% | View data |
