In 2023, Germany leads in European wages and salaries for residential care and social work, standing at 69.77 billion Euros, followed by France with 52.29 billion Euros. The Netherlands, Spain, and Italy trail behind. Among the smaller economies, Greece and Slovakia experienced negative and high positive growth, respectively. The five-year CAGR highlights a steady increase across countries, suggesting a resilient sector overall.
Future trends to watch include the potential shifts driven by demographic changes, economic policies impacting funding in social sectors, and automation affecting labor dynamics. Countries with rapid growth, like Slovakia, may continue gaining momentum, while others might face challenges due to economic and political changes.
Top countries in Wages and Salaries in Residential Care and Social Work Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 69,770 | 2023 | +2.98% | +3.65% | View data |
| 2 | 2 France | 52,290 | 2023 | +1.76% | +1.89% | View data |
| 3 | 3 Netherlands | 20,110 | 2023 | +1.59% | +1.6% | View data |
| 4 | 4 Spain | 10,740 | 2023 | +2.02% | +2.12% | View data |
| 5 | 5 Italy | 10,460 | 2023 | +2.35% | +2.43% | View data |
| 6 | 6 Belgium | 10,170 | 2023 | +2.51% | +2.92% | View data |
| 7 | 7 Finland | 7,340 | 2023 | +2.17% | +2.3% | View data |
| 8 | 8 Austria | 5,250 | 2023 | +2.66% | +2.8% | View data |
| 9 | 9 Ireland | 3,670 | 2023 | +2.73% | +3.65% | View data |
| 10 | 10 Luxembourg | 1,530 | 2023 | +3.36% | +3.11% | View data |
