The wages and salaries in business services in Poland stood at 321.25 billion Zloty in 2023. From 2013 to 2023, the sector experienced a steady average annual growth rate (CAGR) of 4.92%, indicating a robust expansion. However, the growth rate has shown a notable deceleration in recent years, with the year-on-year increase falling from 9.88% in 2017 to 3.18% in 2023. This trend is projected to continue, with a forecasted 5-year CAGR of 2.14%, suggesting a more moderate growth pace moving forward.
Future trends to watch for:
- The impact of macroeconomic factors such as inflation and economic policies on wage growth
- Technological advancements and automation's influence on demand for business services
- Shifts in global outsourcing patterns and their effects on the Polish market