The European electronic components sector's wages and salaries in 2023 highlighted Germany's dominance with 53.18 million Euros, dwarfing France, Italy, and Austria. Despite Germany's stronghold and an annual increase of 6.02%, countries like Austria and Belgium showed notable growth at 9.82% and 9.02%, respectively. Conversely, significant declines were observed in Bulgaria and Croatia. Over the last five years, Hungary has experienced the most growth. Wage allocations in traditionally smaller markets like Lithuania also grew, indicating a possible shift in regional dynamics.
Future trends to watch include:
- Potential shifts in wage distribution towards Eastern Europe as indicated by Hungary and Lithuania’s recent growth.
- Germany’s continued dominance yet watch for emerging players fostering competitive wage landscapes.
- Impacts of economic policies and technological advancements on regional wage disparity in the electronic components sector.
Top countries in Electronic Components Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53.18 | 2023 | +5.91% | +6.02% | View data |
| 2 | 2 France | 13.22 | 2023 | +1.11% | -1.62% | View data |
| 3 | 3 Italy | 9.03 | 2023 | +0.53% | +0.8% | View data |
| 4 | 4 Austria | 7.28 | 2023 | +7.93% | +9.82% | View data |
| 5 | 5 United Kingdom | 4.33 | 2023 | -0.62% | -0.79% | View data |
| 6 | 6 Hungary | 3.55 | 2023 | +17.29% | +24.52% | View data |
| 7 | 7 Spain | 2.03 | 2023 | +1.64% | +5.41% | View data |
| 8 | 8 Belgium | 1.86 | 2023 | +4.19% | +9.02% | View data |
| 9 | 9 Poland | 1.72 | 2023 | +2.34% | +2.16% | View data |
| 10 | 10 Czech Republic | 1.1 | 2023 | +3.06% | +2.72% | View data |
