In 2023, the labour costs in the German retail trade sector (excluding motor vehicles and motorcycles) were at 84.73 billion Euros. From 2024 to 2028, forecasts show a steady year-on-year increase in labour costs, reaching 92.41 billion Euros by 2028. The compound annual growth rate (CAGR) for these five years is approximately 1.67%.
Future trends to watch for include:
- Possible impacts of automation and technology adoption in reducing labour costs.
- Effects of policy changes, such as minimum wage adjustments, on overall labour costs.
- Consumer spending patterns influencing workforce demand within the retail sector.