In 2023, Germany led the European retail trade sector with a wage and salary share of 32.07 million euros, followed by France at 23.26 million euros, and Italy at 12.31 million euros. Compared to 2022, Germany showed a growth of 2.19%, France by 1.88%, while Italy and Spain increased by 1.5% and 1.22%, respectively. Notably, Slovakia and Estonia experienced significant growth at 3.6% and 3.18%. Over the past five years, these figures suggest a favorable compound annual growth rate for countries with higher expansion, marking a steady upward trend in retail wages and salaries in Europe.
Looking to the future, watch for potential economic impacts due to shifting market dynamics, technological advancements, and evolving consumer behaviors. Such factors may influence wage adjustments and growth rates across European countries. Countries with smaller shares and higher growth rates could play a more significant role due to regional economic development and policy changes. Monitoring these influences will help anticipate future trends in retail wages and salaries across Europe.
Top countries in Wages and Salaries in Retail Trade (Except of Motor Vehicles and Motorcycles) Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.07 | 2023 | +1.9% | +2.19% | View data |
| 2 | 2 France | 23.26 | 2023 | +1.69% | +1.88% | View data |
| 3 | 3 Italy | 12.31 | 2023 | +1.7% | +1.5% | View data |
| 4 | 4 Spain | 11.2 | 2023 | +1.28% | +1.22% | View data |
| 5 | 5 Netherlands | 5.64 | 2023 | +1.38% | +1.25% | View data |
| 6 | 6 Austria | 4 | 2023 | +1.99% | +1.96% | View data |
| 7 | 7 Belgium | 3.86 | 2023 | +1.78% | +1.93% | View data |
| 8 | 8 Ireland | 2.19 | 2023 | +1.77% | +2.23% | View data |
| 9 | 9 Finland | 1.83 | 2023 | +1.4% | +1.47% | View data |
| 10 | 10 Greece | 1.36 | 2023 | +0.34% | +0.45% | View data |
