In 2023, the United Kingdom led Europe's accommodation and food services sector with the highest share of wages and salaries, followed by Germany and France. The year-on-year growth revealed robust expansions in Romania, Portugal, and Lithuania, while Iceland experienced a decline. Despite economic challenges, countries like Spain, Poland, and Bulgaria showed notable growth. Additionally, the five-year CAGR highlights consistent growth patterns in Eastern European countries, indicating a shift towards these emerging markets.
Future trends to watch include continued shifts towards Eastern Europe, potential impacts of economic recovery in Southern Europe, and technological innovations affecting labor costs and industry operations across the continent.
Top countries in Wages and Salaries of Accommodation and Food Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 16.88 | 2023 | +1.78% | +1.96% | View data |
| 2 | 2 Germany | 15.51 | 2023 | +13.16% | +4.15% | View data |
| 3 | 3 France | 15.48 | 2023 | +9.37% | +3.79% | View data |
| 4 | 4 Spain | 12.18 | 2023 | +15.1% | +5.29% | View data |
| 5 | 5 Italy | 9.13 | 2023 | +10.77% | +2.38% | View data |
| 6 | 6 Switzerland | 4.57 | 2023 | +6.87% | +3.24% | View data |
| 7 | 7 Netherlands | 3.16 | 2023 | +2.72% | +2.78% | View data |
| 8 | 8 Austria | 3.06 | 2023 | +7.4% | +3.29% | View data |
| 9 | 9 Sweden | 2.12 | 2023 | +6.16% | +2.44% | View data |
| 10 | 10 Portugal | 1.96 | 2023 | +9.54% | +7.16% | View data |
