In 2023, European aircraft and spacecraft wages and salaries exhibit significant country variations. France leads with 9.9 billion Euros, followed by Germany at 7.13 billion Euros, and the United Kingdom with 5.85 billion Euros. Italy and Spain are notably behind at 2.42 billion Euros and 1.43 billion Euros respectively. Smaller economies such as Switzerland, Poland, and Belgium account for less than 1 billion Euros each. Notable reductions were seen in Belgium (-3.9%) and Greece (-6.6%), whereas Poland (11.06%) and Portugal (13.86%) experienced the highest year-on-year growth rates. Over the past five years, notable average annual growth rates (CAGR) were observed, indicating varying levels of market dynamism in different countries.
Future trends to watch for include potential market consolidations in Western Europe given wage pressures and automation advancements. Additionally, Eastern European countries might continue to experience higher growth rates as they become more integrated into the European aerospace supply chain. Regulatory changes and new aerospace initiatives within the EU will also play a crucial role in shaping the sector’s wages and salaries landscape.
Top countries in Aircraft and Spacecraft Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 9,900 | 2023 | +4.61% | +3.67% | View data |
| 2 | 2 Germany | 7,130 | 2023 | +2.33% | +2.86% | View data |
| 3 | 3 United Kingdom | 5,850 | 2023 | +1.76% | +1.72% | View data |
| 4 | 4 Italy | 2,420 | 2023 | +3.66% | +3% | View data |
| 5 | 5 Spain | 1,430 | 2023 | +3.64% | +4.6% | View data |
| 6 | 6 Switzerland | 566.6 | 2023 | +1.45% | +3.02% | View data |
| 7 | 7 Poland | 520.3 | 2023 | +14.35% | +11.06% | View data |
| 8 | 8 Belgium | 256.3 | 2023 | +0.27% | -3.9% | View data |
| 9 | 9 Czech Republic | 178 | 2023 | +3.85% | +1.43% | View data |
| 10 | 10 Romania | 112.5 | 2023 | +5.04% | +5.32% | View data |
