In 2023, Germany led the European labor costs in basic metals with a share of 48.97 million euros, followed by Italy and Austria. A year-on-year analysis reveals minimal growth for Germany (1.21%) and Italy (0.94%), while Austria experienced a considerable rise (1.69%). On the contrary, Spain's share decreased (-1.38%). Smaller countries like Slovakia and Slovenia saw noteworthy increases, reflecting high domestic growth. Over a five-year period, average annual growth further emphasizes Austria's robust upward trend, along with smaller players such as Estonia and Ireland.
Foreseeing future trends, Germany and Italy will likely maintain their leading positions, yet smaller countries showing recent improvements like Slovakia, Slovenia, and Estonia could gain significance if they sustain growth.
Top countries in Labour Costs in Basic Metals Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48.97 | 2023 | +1.24% | +1.21% | View data |
| 2 | 2 Italy | 17.78 | 2023 | +0.73% | +0.94% | View data |
| 3 | 3 Austria | 7.84 | 2023 | +1.78% | +1.69% | View data |
| 4 | 4 Spain | 7.4 | 2023 | -1.1% | -1.38% | View data |
| 5 | 5 Belgium | 6.42 | 2023 | +0.073% | +0.44% | View data |
| 6 | 6 Netherlands | 4.51 | 2023 | +1.38% | +1.09% | View data |
| 7 | 7 Finland | 2.23 | 2023 | +0.13% | 0% | View data |
| 8 | 8 Slovakia | 2.09 | 2023 | +2.49% | +2.78% | View data |
| 9 | 9 Greece | 1.1 | 2023 | +0.88% | +2.22% | View data |
| 10 | 10 Slovenia | 1.03 | 2023 | +2.98% | +2.97% | View data |
