The analysis of European Labour Costs in Employment Services reveals Germany held the highest share in 2024 with 32.64 million euros, followed by the Netherlands at 25.98 million euros. Italy, Belgium, and Spain trailed, with 13.78, 9.42, and 6.84 million euros, respectively. Smaller economies like Greece and Estonia had significantly lower shares, at 0.3 and 0.13 million euros respectively. Year-on-year variations for 2023 showed Greece and Ireland posted notable increases at 7.36% and 6.94%. Finland and Estonia also saw decent growth rates of 3.4% and 4.42%. Germany, while the largest market, grew by a modest 1.65% in 2023.
Future trends to watch include the potential for continued rapid growth in countries like Greece and Ireland, which could shift the landscape in the future. Monitoring technological advancements, regulatory changes, and economic shifts will be critical for predicting future labor cost trends in the employment services sector across Europe.
Top countries in Labour Costs in Employment Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.64 | 2023 | +2.67% | +1.65% | View data |
| 2 | 2 Netherlands | 25.98 | 2023 | +2.99% | +2.82% | View data |
| 3 | 3 Italy | 13.78 | 2023 | +3.7% | +2.78% | View data |
| 4 | 4 Belgium | 9.42 | 2023 | +2.61% | +2.35% | View data |
| 5 | 5 Spain | 6.84 | 2023 | +2.94% | +2.87% | View data |
| 6 | 6 Austria | 4.63 | 2023 | +3.14% | +3.02% | View data |
| 7 | 7 Finland | 2.85 | 2023 | +3.5% | +3.4% | View data |
| 8 | 8 Ireland | 2.26 | 2023 | +4.51% | +6.94% | View data |
| 9 | 9 Slovenia | 0.81 | 2023 | +3.09% | +3.26% | View data |
| 10 | 10 Slovakia | 0.36 | 2023 | +3.01% | +1.91% | View data |
