In 2023, the European Production of Employment Services witnessed notable growth across various countries. Germany led the sector with a value of €44.1 billion, followed by the Netherlands at €32.13 billion. Italy, Belgium, and Spain trailed with values of €15.88 billion, €10.93 billion, and €8.13 billion, respectively. Austria, Ireland, and Finland also contributed significantly, with values ranging from €3.87 to €5.53 billion. Smaller markets like Slovenia, Slovakia, Greece, and Estonia had values below €1 billion.
The year-on-year variations in 2023 reveal moderate growth trends, with Germany at 1.63%, the Netherlands at 2.71%, and Italy at 3.04%. Spain and Austria had variations of 3.15% and 2.89%, respectively. Ireland and Greece showed the highest growth rates at 6.92% and 7.02%. Finland, Slovenia, Slovakia, and Estonia saw steady increases of around 3-4%.
Future trends to watch in the European Production of Employment Services include continued digital transformation, increasing automation, and shifts in labor market dynamics. Key markets like Germany and the Netherlands are expected to maintain their leading positions, while rising stars like Ireland and Greece could see accelerated growth driven by favorable economic conditions and policy support.
Top countries in Production of Employment Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44,100 | 2023 | +2.32% | +1.63% | View data |
| 2 | 2 Netherlands | 32,130 | 2023 | +2.83% | +2.71% | View data |
| 3 | 3 Italy | 15,880 | 2023 | +3.56% | +3.04% | View data |
| 4 | 4 Belgium | 10,930 | 2023 | +2.9% | +2.42% | View data |
| 5 | 5 Spain | 8,130 | 2023 | +3.33% | +3.15% | View data |
| 6 | 6 Austria | 5,530 | 2023 | +2.87% | +2.89% | View data |
| 7 | 7 Ireland | 3,960 | 2023 | +4.79% | +6.92% | View data |
| 8 | 8 Finland | 3,870 | 2023 | +3.56% | +3.51% | View data |
| 9 | 9 Slovenia | 969.2 | 2023 | +3.19% | +3.44% | View data |
| 10 | 10 Slovakia | 559.71 | 2023 | +3.41% | +3.93% | View data |
