The European motor vehicle manufacturing sector exhibits significant variations in wages and salaries across countries. In 2023, Germany held the largest share with 62.08 billion euros, followed by France at 9.92 billion euros. The United Kingdom and Spain displayed moderate figures, while Eastern European countries like Poland, Czech Republic, and Romania showed growth momentum with notable year-on-year increases.
Key trends and recent changes include:
- Germany experienced a slight decline in wages.
- France and Italy saw reductions, reflecting broader economic adjustments.
- Countries like the United Kingdom, Sweden, and especially Eastern European nations, exhibited positive growth rates with Serbia and Bulgaria showing significant increases in wages.
- Poland and Czech Republic demonstrated strong upward trends.
- Southern Europe, notably Greece and Cyprus, suffered from pronounced declines.
Looking forward, the sector should monitor economic shifts, technological advancements, and policy changes which may continue to affect wage structures. Automation, supply chain dynamics, and sustainable practices are potential factors influencing future wages and salaries in this industry.
Top countries in Motor Vehicles, Trailers and Semi-Trailers Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 62,080 | 2023 | +1.72% | -0.23% | View data |
| 2 | 2 France | 9,920 | 2023 | -0.056% | -1.58% | View data |
| 3 | 3 United Kingdom | 7,390 | 2023 | +0.64% | +0.69% | View data |
| 4 | 4 Spain | 5,380 | 2023 | -3.68% | -2.8% | View data |
| 5 | 5 Italy | 5,310 | 2023 | +0.45% | -1.95% | View data |
| 6 | 6 Sweden | 4,070 | 2023 | +1.63% | +0.94% | View data |
| 7 | 7 Poland | 3,850 | 2023 | +4.16% | +4.42% | View data |
| 8 | 8 Czech Republic | 3,510 | 2023 | +3.14% | +1.93% | View data |
| 9 | 9 Romania | 2,700 | 2023 | +5.21% | +1.8% | View data |
| 10 | 10 Austria | 2,210 | 2023 | +2.51% | +1.75% | View data |
