In 2023, Germany led in motor vehicle wages and salaries with 67.11 billion Euros, far surpassing Spain's 5.5 billion, Portugal's 0.92741 billion, Slovenia's 0.42153 billion, Estonia's 0.06266 billion, and Greece's 0.01738 billion Euro figures. Compared to 2022, wages in Germany grew 3.24%, Spain by 1.09%, Portugal by 2.1%, Slovenia by 3.66%, Estonia by 5.43%, while Greece saw a decline of 7.53%. The five-year Compound Annual Growth Rate showed varied upwards trends, with notable increases in Estonia and Slovenia.
Future trends to monitor include the impacts of automation, sustainability initiatives, and the electrification of vehicles. These factors could influence the wage structures, with potential disparities between countries investing in advanced technologies versus those focusing on labor-intensive sectors.
Top countries in Wages and Salaries in Motor Vehicles by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 67,110 | 2023 | +3.31% | +3.24% | View data |
| 2 | 2 Spain | 5,500 | 2023 | +1.4% | +1.09% | View data |
| 3 | 3 Portugal | 927.41 | 2023 | +2.86% | +2.1% | View data |
| 4 | 4 Slovenia | 421.53 | 2023 | +3.52% | +3.66% | View data |
| 5 | 5 Estonia | 62.66 | 2023 | +3.8% | +5.43% | View data |
| 6 | 6 Greece | 17.38 | 2023 | -8.67% | -7.53% | View data |
