The analysis of European Wages and Salaries in the Insurance, Reinsurance, and Pension Funding sectors reveals notable disparities across countries in 2023. Denmark leads with a substantial value of €11.46 billion, despite experiencing a stark 63.42% decline, while Germany showed slight growth. Latvia experienced a significant decrease of 18.63%. France and Austria saw mild growth, and the Netherlands achieved the highest increase at 9.12%. In contrast, smaller markets, such as Malta and Estonia, posted notable growth rates of 7.44% and 5.35%, respectively, although from smaller bases.
Future trends to watch include continued growth in Western European countries as they recover from economic disruptions, while Central and Eastern European countries might focus on market consolidation and technology investments to drive efficiencies and growth in wages and salaries within the insurance and pension sectors.
Top countries in Wages and Salaries of Insurance, Reinsurance and Pension Funding by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 11,460 | 2023 | +1.01% | -63.42% | View data |
| 2 | 2 Germany | 10,110 | 2023 | +0.19% | +1.51% | View data |
| 3 | 3 Latvia | 8,510 | 2023 | +9.28% | -18.63% | View data |
| 4 | 4 France | 6,940 | 2023 | +1.67% | +3.73% | View data |
| 5 | 5 Spain | 2,280 | 2023 | +0.66% | +0.62% | View data |
| 6 | 6 Belgium | 1,720 | 2023 | +0.37% | +1.44% | View data |
| 7 | 7 Austria | 1,710 | 2023 | +2.53% | +3.53% | View data |
| 8 | 8 Netherlands | 1,410 | 2023 | +0.52% | +9.12% | View data |
| 9 | 9 Norway | 770.2 | 2023 | +0.22% | -0.016% | View data |
| 10 | 10 Portugal | 446.8 | 2023 | +3.28% | +3.67% | View data |
