In 2023, Germany led wages and salaries in building completion and finishing in Europe with €27.01 million, with a year-on-year increase of 4.74%. France saw a slight decline of 0.42%, while the UK rose by 1.19%. Noteworthy is Switzerland's 6.25% increase. Poland and Romania showed remarkable growth of 17.3% and 24.04% respectively, indicating dynamic market changes in Eastern Europe. Conversely, Ireland experienced a notable decline of 8.31%. The average annual growth rate over the last five years is essential to understanding long-term trends, with slight fluctuations highlighting variances in regional economic health and construction sector vitality.
Future trends to watch include:
- Potential growth in Eastern European countries, driven by economic catch-up and investment
- Stability or further reduction in countries like France and Italy, possibly due to market saturation
- Germany maintaining its leadership with steady growth prospects
- The impact of economic factors like inflation and material shortages on wage trends
Top countries in Wages and Salaries in Building Completion and Finishing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27.01 | 2023 | +4.13% | +4.74% | View data |
| 2 | 2 France | 19.2 | 2023 | +0.093% | -0.42% | View data |
| 3 | 3 United Kingdom | 12.21 | 2023 | +1.53% | +1.19% | View data |
| 4 | 4 Switzerland | 7.15 | 2023 | +2.61% | +6.25% | View data |
| 5 | 5 Italy | 5.09 | 2023 | -3.59% | -4.24% | View data |
| 6 | 6 Denmark | 4.54 | 2023 | +2.7% | +3.63% | View data |
| 7 | 7 Sweden | 4.4 | 2023 | +1.97% | +2.1% | View data |
| 8 | 8 Spain | 3.86 | 2023 | -1.29% | +0.043% | View data |
| 9 | 9 Austria | 3.3 | 2023 | +2.76% | +2.83% | View data |
| 10 | 10 Netherlands | 3 | 2023 | +5.87% | +6.77% | View data |
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