In 2023, Germany and Switzerland led Europe in wages for electronic components and boards at €5.83 billion and €2.03 billion, respectively. Noteworthy growth was observed in Lithuania and Serbia, with rises of 27.94% and 14.71%. Notable declines occurred in Sweden and Bulgaria, with reductions of 2.37% and 4.44%. Over the past five years, Hungary showed a significant CAGR, highlighting robust market investment.
Future trends to watch include potential increased investment in Eastern European countries, as these markets show promising growth signs. Additionally, sustaining competitive wages may be crucial for Western European countries to counter relocation of manufacturing hubs.
Top countries in Electronic Components and Electronic Boards Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,830 | 2023 | +4.85% | +4.67% | View data |
| 2 | 2 Switzerland | 2,030 | 2023 | +0.8% | +2.35% | View data |
| 3 | 3 France | 1,990 | 2023 | +0.45% | -1.88% | View data |
| 4 | 4 Italy | 1,210 | 2023 | +0.93% | +0.58% | View data |
| 5 | 5 Austria | 801.3 | 2023 | +2.1% | +5.15% | View data |
| 6 | 6 United Kingdom | 700.8 | 2023 | -0.68% | -0.79% | View data |
| 7 | 7 Hungary | 546.6 | 2023 | +11.55% | +15.03% | View data |
| 8 | 8 Netherlands | 497.6 | 2023 | +0.99% | -0.24% | View data |
| 9 | 9 Spain | 372.3 | 2023 | +4.29% | +7.09% | View data |
| 10 | 10 Romania | 278.7 | 2023 | +5.17% | +5.45% | View data |
