The European output of residential care and social work services in 2023 showed Germany leading significantly with 127.7 billion euros, followed by France at 92.52 billion euros. While smaller in scale, Finland and Austria posted stable output values with 14.8 and 10.47 billion euros, respectively. Lower outputs were seen in countries like Portugal, Luxembourg, and others, reflecting variations in the sector's scale across regions.
Year-on-year changes show mixed trends for 2023, with Germany seeing a relatively moderate growth of 3.98%, while smaller economies such as Estonia and Slovenia experienced higher growth at 6.77% and 10.39%. Notably, Greece was the only country to witness a decline, with a small contraction of 1.42%.
Future trends to watch include the continued impact of demographic changes and policy shifts affecting the sector's growth. Additionally, the push for digital transformation and enhanced service delivery within social work may influence output variations across countries. Keeping an eye on investment in innovation and workforce development will be crucial as these factors may significantly shape future market dynamics.
Top countries in Output of Residential Care and Social Work Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 127,700 | 2023 | +3.87% | +3.98% | View data |
| 2 | 2 France | 92,520 | 2023 | +1.91% | +1.58% | View data |
| 3 | 3 Finland | 14,800 | 2023 | +2.75% | +3.14% | View data |
| 4 | 4 Austria | 10,470 | 2023 | +3.35% | +3.45% | View data |
| 5 | 5 Portugal | 5,090 | 2023 | +2.61% | +1.72% | View data |
| 6 | 6 Luxembourg | 2,660 | 2023 | +4.78% | +5.87% | View data |
| 7 | 7 Slovakia | 1,160 | 2023 | +5.07% | +6.34% | View data |
| 8 | 8 Slovenia | 994.78 | 2023 | +8.74% | +10.39% | View data |
| 9 | 9 Greece | 977.14 | 2023 | -1.65% | -1.42% | View data |
| 10 | 10 Croatia | 556.56 | 2023 | +2.75% | +4.17% | View data |
