In 2023, Germany leads European wages in the electrical equipment and electronics sector with a notable value of 30.36 billion Euros, followed by France with 5.33 billion Euros. Significant positive year-on-year growth was seen in countries like Serbia (10.61%) and Ireland (9.12%), while Germany and France experienced modest increases of 0.97% and 0.099%, respectively. Italy and the UK saw declines of 0.26% and 0.7%. The largest compound annual growth rate (CAGR) over the last five years was observed in Lithuania (9.72%) and Malta (8.84%).
Looking ahead, potential influences on wages include economic recovery rates, technological advancements, and geopolitical factors. Countries such as Poland, Ireland, and Baltic states appear poised for continued wage growth due to economic momentum and investment in digital infrastructure. However, uncertainties in global markets and potential shifts in the industry could alter this trajectory.
Top countries in Electrical Equipment and Electronics Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30,360 | 2023 | +1.37% | +0.97% | View data |
| 2 | 2 France | 5,330 | 2023 | +0.62% | +0.099% | View data |
| 3 | 3 Italy | 4,810 | 2023 | +0.42% | -0.26% | View data |
| 4 | 4 Austria | 2,710 | 2023 | +1.66% | +1.01% | View data |
| 5 | 5 United Kingdom | 2,680 | 2023 | -1.02% | -0.7% | View data |
| 6 | 6 Switzerland | 2,580 | 2023 | +3.13% | +1.07% | View data |
| 7 | 7 Poland | 2,330 | 2023 | +6.57% | +7.47% | View data |
| 8 | 8 Spain | 2,290 | 2023 | -0.057% | -0.59% | View data |
| 9 | 9 Czech Republic | 1,750 | 2023 | +2.49% | +2.38% | View data |
| 10 | 10 Netherlands | 1,280 | 2023 | +2.07% | +3.02% | View data |
