Germany leads the European market in precious metals and non-ferrous metals manufacturing wages and salaries with a significant value of 4.14 billion euros in 2023. Countries like the UK and France trail behind but still maintain their status in the higher tier. Noteworthy growth is observed in Poland, Romania, and Greece with values rising by over 4%, 4.6%, and 5.51% respectively compared to 2022. Conversely, Iceland, Cyprus, and Latvia encountered declines, suggesting potential internal or economic challenges. These trends provide insight into fluctuating economic conditions and sector investments.
Future trends to watch for include:
- Potential policy changes impacting labor costs in high-growth countries like Bulgaria and Serbia.
- Economic reforms or challenges in nations with declining values like Latvia and Cyprus.
- Expansion strategies and technological investments in countries leading the sector.
Top countries in Precious Metals and Non-Ferrous Metals Manufacturing Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,140 | 2023 | +4.74% | +1.84% | View data |
| 2 | 2 United Kingdom | 1,080 | 2023 | -0.52% | -0.15% | View data |
| 3 | 3 France | 692.9 | 2023 | -0.12% | +1.79% | View data |
| 4 | 4 Italy | 626.2 | 2023 | -0.13% | +0.34% | View data |
| 5 | 5 Austria | 549.8 | 2023 | +3.46% | +2.94% | View data |
| 6 | 6 Belgium | 528.6 | 2023 | +1.91% | +1.93% | View data |
| 7 | 7 Spain | 502.4 | 2023 | +0.5% | +0.82% | View data |
| 8 | 8 Norway | 450.8 | 2023 | +2.06% | -0.52% | View data |
| 9 | 9 Sweden | 409.2 | 2023 | +2.3% | +1.14% | View data |
| 10 | 10 Switzerland | 276.4 | 2023 | +0.14% | +0.59% | View data |
