In 2023, the United Kingdom led the European turnover of temporary employment agency services with 54.25 billion Euros, followed by France (37.46), Germany (34.08), and the Netherlands (30.5). Italy and Switzerland also saw significant turnovers at 13.72 and 8.11 billion Euros, respectively. The five-year Compound Annual Growth Rate (CAGR) in this sector shows varied trends across countries. For instance, the UK and Netherlands experienced modest growth rates of 1.78% and 0.54%, respectively, while countries like Romania and Estonia saw higher growth rates at 6.04% and 2.85%. Notably, Serbia had an extraordinary increase of 49.5% year-on-year, highlighting a burgeoning sector there, and Iceland showed substantial growth at 18.38%.
Looking forward, the European market for temporary employment agency services could see tremendous growth following trends in digital transformation and remote work, creating new opportunities and demands for flexible employment solutions.
Top countries in Turnover of Temporary Employment Agency Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 54,250 | 2023 | +1.77% | +1.78% | View data |
| 2 | 2 France | 37,460 | 2023 | +7.31% | +2.63% | View data |
| 3 | 3 Germany | 34,080 | 2023 | +9.52% | +3.24% | View data |
| 4 | 4 Netherlands | 30,500 | 2023 | +2.51% | +0.54% | View data |
| 5 | 5 Italy | 13,720 | 2023 | +3.65% | +1% | View data |
| 6 | 6 Switzerland | 8,110 | 2023 | +5.89% | +4.27% | View data |
| 7 | 7 Belgium | 8,050 | 2023 | +6.67% | +1.02% | View data |
| 8 | 8 Spain | 6,760 | 2023 | +4.46% | +1.99% | View data |
| 9 | 9 Sweden | 6,460 | 2023 | +4.29% | +3.61% | View data |
| 10 | 10 Norway | 4,310 | 2023 | +6.29% | +2.63% | View data |
