The analysis of European labour costs in the motor vehicles and motorcycles wholesale and retail trade sector reveals significant disparities across countries. In 2023, Germany led with the highest labour cost, followed by France and Italy, whereas countries like Estonia and Latvia reported the lowest. Over the past year, countries such as Slovakia, Lithuania, and Estonia showed substantial growth rates over 3%, indicating a noticeable increase in labour expenses. In contrast, Greece is the only country where a slight decline in labour costs was noted, possibly reflecting economic adjustments or efficiencies.
Future trends to watch include the continued rise in labour costs in emerging European economies, driven by skill demand and economic expansion. Economies like Germany and France might experience slower cost growth due to their already high baseline. Monitoring technological advancements and shifts toward sustainable motoring could also affect labour demand and costs across this sector in varying ways across Europe.
Top countries in Labour Costs in Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 218,820 | 2023 | +1.9% | +2.38% | View data |
| 2 | 2 France | 151,040 | 2023 | +1.28% | +1.08% | View data |
| 3 | 3 Italy | 85,150 | 2023 | +1.75% | +1.89% | View data |
| 4 | 4 Spain | 78,500 | 2023 | +1.44% | +1.43% | View data |
| 5 | 5 Netherlands | 50,990 | 2023 | +1.61% | +1.52% | View data |
| 6 | 6 Belgium | 29,340 | 2023 | +1.38% | +1.68% | View data |
| 7 | 7 Austria | 26,270 | 2023 | +1.87% | +1.82% | View data |
| 8 | 8 Portugal | 13,430 | 2023 | +1.58% | +1.43% | View data |
| 9 | 9 Ireland | 12,940 | 2023 | +2.42% | +2.81% | View data |
| 10 | 10 Finland | 11,950 | 2023 | +1.29% | +1.36% | View data |
