In 2023, Germany had the highest labor cost in the sector at 53.91 billion Euros, followed by Spain and Italy. These countries also exhibited notable year-on-year growth rates, with Germany's cost rising by 3.6%, marking the largest increase among major economies. Conversely, nations like Slovenia and Estonia maintained minimal labor costs, under 0.5 billion Euros, despite positive growth rates. Variations observed from 2022 to 2023 demonstrated a robust expansion in Ireland (4.77%) and Slovakia (3.37%), whereas Greece showed the least growth (0.85%). Over the past five years, the compound annual growth rate varied significantly across countries.
Future trends to watch include increasing automation and digitalization potentially driving shifts in labor costs across the sector. Additionally, geopolitical and economic conditions may influence labor market dynamics, particularly in countries exhibiting slower growth. This context demands a strategic approach to workforce planning and cost management.
Top countries in Labour Costs in Security and Investigation Activities; Services to Buildings and Landscape Activities; Office Administrative, Office Support and Other Business Support Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53,910 | 2023 | +2.97% | +3.6% | View data |
| 2 | 2 Spain | 23,100 | 2023 | +2.3% | +2.33% | View data |
| 3 | 3 Italy | 22,350 | 2023 | +2.15% | +2.46% | View data |
| 4 | 4 Netherlands | 7,440 | 2023 | +1.89% | +1.79% | View data |
| 5 | 5 Belgium | 7,310 | 2023 | +2.65% | +3.53% | View data |
| 6 | 6 Austria | 4,250 | 2023 | +2.65% | +2.76% | View data |
| 7 | 7 Finland | 3,090 | 2023 | +2.11% | +1.95% | View data |
| 8 | 8 Ireland | 2,790 | 2023 | +3.33% | +4.77% | View data |
| 9 | 9 Slovakia | 946.91 | 2023 | +3.34% | +3.37% | View data |
| 10 | 10 Greece | 885.86 | 2023 | +0.35% | +0.85% | View data |
