In 2024, forecasted data indicate Germany leads in European labor costs in activities auxiliary to financial services and insurance, with France and Italy following. Germany's costs have grown 3.27% year-on-year, whereas France and Ireland show similar robust growth. Notably, Greece faced a decline of 5.67% in 2023. Over the last five years, the compound annual growth rate highlights fluctuating but overall positive trends for most countries.
Future trends to watch in European labor costs include:
- The potential impact of economic policies on labor markets.
- Technological advancements driving automated processes, which may influence labor costs.
- Increased cross-border regulatory cooperation affecting labor dynamics in financial services.
Top countries in Labour Costs in Activities Auxiliary to Financial Service and Insurance Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.2 | 2023 | +2.68% | +3.27% | View data |
| 2 | 2 France | 29.86 | 2023 | +2.94% | +2.88% | View data |
| 3 | 3 Italy | 12 | 2023 | +1.69% | +2.01% | View data |
| 4 | 4 Netherlands | 6.79 | 2023 | +1.75% | +1.88% | View data |
| 5 | 5 Ireland | 5.47 | 2023 | +3.71% | +3.49% | View data |
| 6 | 6 Belgium | 4.41 | 2023 | +2.32% | +3.16% | View data |
| 7 | 7 Spain | 3.69 | 2023 | +2.31% | +2.41% | View data |
| 8 | 8 Luxembourg | 3.09 | 2023 | +3.07% | +2.98% | View data |
| 9 | 9 Finland | 1.41 | 2023 | +2.56% | +2.61% | View data |
| 10 | 10 Austria | 1.41 | 2023 | +1.94% | +1.98% | View data |
