In 2023, Germany led European wages and salaries in activities auxiliary to financial services and insurance activities at €13.88 billion, followed by France at €11.65 billion. The Netherlands, Ireland, and Belgium posted significantly lower figures. Most countries experienced growth, with France and Ireland showing the highest year-on-year increases of 3.59% and 3.5%, respectively. Greece was the sole country experiencing negative growth at -6.84%. Over the last five years, a stable Compound Annual Growth Rate (CAGR) suggests moderate expansion in these sectors across Europe.
Future trends to watch include:
- Technological advancements and their impact on labor costs.
- Policy changes in the financial sector affecting salary structures.
- Cross-country collaborations potentially homogenizing wage growth.
Top countries in Wages and Salaries in Activities Auxiliary to Financial Service and Insurance Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13,880 | 2023 | +2.7% | +3.19% | View data |
| 2 | 2 France | 11,650 | 2023 | +3.1% | +3.59% | View data |
| 3 | 3 Netherlands | 2,830 | 2023 | +1.54% | +1.51% | View data |
| 4 | 4 Ireland | 2,400 | 2023 | +3.7% | +3.5% | View data |
| 5 | 5 Belgium | 1,710 | 2023 | +2.36% | +3.35% | View data |
| 6 | 6 Spain | 1,650 | 2023 | +2.36% | +2.42% | View data |
| 7 | 7 Luxembourg | 1,470 | 2023 | +3.19% | +3.11% | View data |
| 8 | 8 Austria | 632.29 | 2023 | +1.93% | +1.98% | View data |
| 9 | 9 Finland | 632 | 2023 | +2.6% | +2.63% | View data |
| 10 | 10 Greece | 108.71 | 2023 | -8.92% | -6.84% | View data |
