In 2023, Germany leads in European labour costs in the wholesale, retail trade, and repair of motor vehicles and motorcycles, with values reaching 32.42 billion euros, followed by France at 22.1 billion euros and Italy at 9.25 billion euros. Notably, many countries experienced significant positive year-on-year variations for the same sector in 2023, such as Slovakia at 3.99% and Estonia at 3.29%, despite Greece reporting a decline of 1.7%. The five-year CAGR indicates steady growth across most nations.
Future trends to watch for include:
- The potential impact of automation and digital transformation on labor demands and costs.
- Policy changes in the European Union affecting labor mobility and costs.
- Economic shifts that could influence consumer spending in vehicle-related sectors.
Top countries in Labour Costs in Wholesale, Retail Trade and Repair of Motor Vehicles and Motorcycles by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32,420 | 2023 | +1.99% | +2.42% | View data |
| 2 | 2 France | 22,100 | 2023 | +1.35% | +1.31% | View data |
| 3 | 3 Italy | 9,250 | 2023 | +1.57% | +2.29% | View data |
| 4 | 4 Spain | 8,180 | 2023 | +0.94% | +0.78% | View data |
| 5 | 5 Netherlands | 5,220 | 2023 | +1.11% | +0.93% | View data |
| 6 | 6 Belgium | 4,150 | 2023 | +1.57% | +1.85% | View data |
| 7 | 7 Austria | 3,560 | 2023 | +1.83% | +1.74% | View data |
| 8 | 8 Finland | 2,080 | 2023 | +1.96% | +1.98% | View data |
| 9 | 9 Ireland | 1,050 | 2023 | +1.63% | +1.48% | View data |
| 10 | 10 Greece | 605.59 | 2023 | -2.88% | -1.7% | View data |
