The European wages and salaries in residential care and social work services see varied trends across countries. The Netherlands, at €20.97 billion in 2023, shows a moderate growth rate of 2.45%. Spain, at €12.8 billion, leads with a 4.73% increase, suggesting robust market dynamics. Belgium (3.23%), Finland (3.81%), and Austria (3.6%) also demonstrate steady growth. Portugal and Slovenia exhibit significant expansion at 4.32% and 13.18% respectively, while Greece records a slight decline at -0.52%. Estonia and Cyprus, despite their lower base values, post notable increases at 9.99% and 3.14% respectively.
Future trends to watch include potential shifts due to demographic changes, economic conditions, and policy reforms across Europe. The ongoing need for social care services is likely to spur further investment and possible wage adjustments, affecting growth rates and labor market dynamics in this sector.
Top countries in Wages and Salaries in Residential Care and Social Work Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 20,970 | 2023 | +1.39% | +2.45% | View data |
| 2 | 2 Spain | 12,800 | 2023 | +2.91% | +4.73% | View data |
| 3 | 3 Belgium | 10,330 | 2023 | +2.96% | +3.23% | View data |
| 4 | 4 Finland | 7,900 | 2023 | +2.58% | +3.81% | View data |
| 5 | 5 Austria | 5,460 | 2023 | +3.31% | +3.6% | View data |
| 6 | 6 Portugal | 2,330 | 2023 | +4.12% | +4.32% | View data |
| 7 | 7 Slovenia | 611.21 | 2023 | +10.88% | +13.18% | View data |
| 8 | 8 Slovakia | 536.83 | 2023 | +9.71% | +12.7% | View data |
| 9 | 9 Greece | 493.39 | 2023 | -1.06% | -0.52% | View data |
| 10 | 10 Estonia | 140.85 | 2023 | +7.87% | +9.99% | View data |
