In 2023, Germany dominated the European Computer, Electronic, and Optical Products sector with 604.95 million hours worked, exhibiting a modest 0.45% year-on-year increase. The UK followed, though it experienced a 1.47% decrease. Italy and Hungary saw notable declines, with decreases of 3.26% and 3.23%, respectively. In contrast, Romania and Lithuania showed positive growth, with year-on-year variations of 2.81% and 6.76%. Smaller markets like Latvia and Estonia also posted gains, indicating potential shifts in labor dynamics.
Future trends may witness an increased distribution of labor hours across Eastern European countries due to cost advantages and emerging tech hubs. Innovation-led growth and policy changes could further influence labor distribution in Western Europe, necessitating strategic adjustments in the sector.
Top countries in Computer, Electronic and Optical Products Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 604,950,000 | 2023 | +1.2% | +0.45% | View data |
| 2 | 2 United Kingdom | 198,480,000 | 2023 | -1.45% | -1.47% | View data |
| 3 | 3 Italy | 122,340,000 | 2023 | -4.56% | -3.26% | View data |
| 4 | 4 Poland | 103,730,000 | 2023 | +0.39% | -0.79% | View data |
| 5 | 5 Hungary | 76,380,000 | 2023 | -3.07% | -3.23% | View data |
| 6 | 6 Romania | 75,261,000 | 2023 | +2.05% | +2.81% | View data |
| 7 | 7 Czech Republic | 71,520,000 | 2023 | +0.12% | -1.3% | View data |
| 8 | 8 Netherlands | 42,683,000 | 2023 | -0.053% | -0.019% | View data |
| 9 | 9 Austria | 39,736,000 | 2023 | -0.01% | +0.66% | View data |
| 10 | 10 Spain | 38,279,000 | 2023 | -1.94% | -1.26% | View data |
