In 2023, Germany led the European rubber and plastic products manufacturing sector with 19.65 billion Euros in wages and salaries, significantly outstripping France, Italy, and the United Kingdom. Notable year-on-year increases were seen in Poland (4.32%), Switzerland (2.96%), and the Netherlands (3.93%). Bulgaria and Lithuania experienced substantial growth at 7.34% and 16.97%, respectively. Conversely, Norway and Greece saw declines of -0.4% and -1.15%. Over the past five years, growth varied across countries, highlighting both regional disparities and dynamic changes in economic conditions.
Future trends to watch include:
- Potential economic implications of geopolitical factors influencing labor costs.
- Technological advancements potentially driving productivity and wage adjustments.
- Policy shifts addressing environmental standards, impacting sector investment and employment.
Top countries in Rubber and Plastic Products Manufacturing Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,650 | 2023 | +1.81% | +0.52% | View data |
| 2 | 2 France | 7,060 | 2023 | +9.23% | +3.79% | View data |
| 3 | 3 Italy | 5,480 | 2023 | +1% | +0.41% | View data |
| 4 | 4 United Kingdom | 4,870 | 2023 | -0.0062% | +0.11% | View data |
| 5 | 5 Poland | 3,340 | 2023 | +3.89% | +4.32% | View data |
| 6 | 6 Spain | 2,980 | 2023 | +0.58% | +0.022% | View data |
| 7 | 7 Switzerland | 1,790 | 2023 | +1.97% | +2.96% | View data |
| 8 | 8 Netherlands | 1,710 | 2023 | +3.28% | +3.93% | View data |
| 9 | 9 Austria | 1,650 | 2023 | +3.67% | +3.39% | View data |
| 10 | 10 Czech Republic | 1,330 | 2023 | +1.72% | +0.16% | View data |
