The 2023 data indicates Germany leads in labor costs within the transportation and warehousing sector in Europe, followed by France and Italy. Countries like Greece, Lithuania, and Slovakia exhibit the highest year-on-year growth rates. Over the last two years, the labor cost increases were noticeable in Ireland, Latvia, and Luxembourg, suggesting strong sectoral development or increased wage rates in these nations. Countries such as Estonia and Slovenia, while on the lower end of the cost spectrum, also exhibit significant positive growth, indicating expanding activities or upward trends in labor compensation over recent years.
Looking ahead, European labor costs in transportation and warehousing are expected to grow, reflecting trends of automation, digitalization, and continued economic integration. Watch for disparities in labor cost growth rates across countries as economies adapt to new technologies and streamline logistics operations, potentially affecting labor market dynamics differently across the continent.
Top countries in Labour Costs in Transportation and Warehousing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.23 | 2023 | +2.08% | +2.45% | View data |
| 2 | 2 France | 22.18 | 2023 | +1.03% | +0.92% | View data |
| 3 | 3 Italy | 15.27 | 2023 | +1.46% | +1.76% | View data |
| 4 | 4 Spain | 9.57 | 2023 | +1.48% | +1.2% | View data |
| 5 | 5 Belgium | 5.31 | 2023 | +1.47% | +1.93% | View data |
| 6 | 6 Austria | 3.68 | 2023 | +1.65% | +1.5% | View data |
| 7 | 7 Greece | 2.59 | 2023 | +2.41% | +3.5% | View data |
| 8 | 8 Finland | 2.1 | 2023 | +1.1% | +1.04% | View data |
| 9 | 9 Portugal | 1.8 | 2023 | +1.88% | +1.54% | View data |
| 10 | 10 Ireland | 1.36 | 2023 | +1.74% | +2.66% | View data |
