In 2023, Germany leads European wages and salaries in the iron and steel sector at 8.54 billion euros, showing a 1.04% year-on-year rise. Italy, at 3.01 billion euros, observed an increase of 0.8%. France saw a decline of 0.32%, capturing 1.96 billion euros. Austria showed a 1.06% growth, amassing 1.55 billion euros. Spain and Belgium experienced declines of 1.93% and 0.075%, respectively. Interestingly, Slovakia's 2.1% increase and Slovenia's 1.27% are noteworthy amidst modest figures. Greece saw the steepest 3.74% drop, concluding at 0.08676 billion euros.
Future trends to watch include Germany and Austria's growth momentum, while continued assessments of Spain, Finland, and Greece are crucial, reflecting recent declines. Developing an understanding of policy impacts and technological advancements can help mitigate declining wage trends and support industry stability.
Top countries in Wages and Salaries in Iron and Steel by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 8,540 | 2023 | +1.1% | +1.04% | View data |
| 2 | 2 Italy | 3,010 | 2023 | +0.62% | +0.8% | View data |
| 3 | 3 France | 1,960 | 2023 | 0% | -0.32% | View data |
| 4 | 4 Austria | 1,550 | 2023 | +1.64% | +1.06% | View data |
| 5 | 5 Spain | 1,450 | 2023 | -1.23% | -1.93% | View data |
| 6 | 6 Belgium | 1,060 | 2023 | -0.2% | -0.075% | View data |
| 7 | 7 Netherlands | 938 | 2023 | +1.41% | +1.03% | View data |
| 8 | 8 Finland | 434 | 2023 | -0.69% | -1.07% | View data |
| 9 | 9 Slovakia | 424.7 | 2023 | +2.1% | +2.1% | View data |
| 10 | 10 Slovenia | 129.34 | 2023 | +1.75% | +1.27% | View data |
