In 2023, Germany led the European market with the highest wages and salaries in human health and social work activities at €38.55 million, followed by France at €23.05 million. Significant contributors also include Spain and Italy, with €10.39 million and €10.24 million respectively. Notably, Slovakia showed the highest year-on-year growth at 4.58%, while Estonia stood out with a CAGR of 3.47% over the past five years, indicating robust wage growth.
Future trends to watch for:
- Continued wage growth in European countries, with Eastern European nations potentially accelerating faster than their Western counterparts.
- Impact of policy changes and economic stability on wage dynamics, especially with increasing demand for healthcare services.
- The role of automation and digitization in health and social work potentially affecting wage structures in the sector.
Top countries in Wages and Salaries in Human Health and Social Work Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 38.55 | 2023 | +2.65% | +3.25% | View data |
| 2 | 2 France | 23.05 | 2023 | +1.68% | +1.81% | View data |
| 3 | 3 Spain | 10.39 | 2023 | +0.78% | +2.03% | View data |
| 4 | 4 Italy | 10.24 | 2023 | +1.27% | +1.4% | View data |
| 5 | 5 Belgium | 4.57 | 2023 | +2.27% | +2.54% | View data |
| 6 | 6 Austria | 3.39 | 2023 | +2.3% | +2.39% | View data |
| 7 | 7 Finland | 3.05 | 2023 | +1.82% | +1.89% | View data |
| 8 | 8 Ireland | 2.41 | 2023 | +2.12% | +2.85% | View data |
| 9 | 9 Portugal | 1.56 | 2023 | +1.71% | +1.57% | View data |
| 10 | 10 Greece | 0.85 | 2023 | +0.67% | +0.91% | View data |
