The landscape of European wages in the air and spacecraft sector in 2023 illustrates noticeable disparities. Germany leads with a significant value, followed by Italy and Spain, presenting themselves as formidable players. Smaller economies, like the Netherlands and Austria, feature modest figures, whereas Greece and Finland reflect negative trends, indicating contraction. The year-on-year variation reveals Germany's robust growth at 3.79%, contrasted with Finland's substantial decline of -17.81%. Slovenia and Slovakia exhibit promising growth, suggesting potential progress in the sector for these countries. The five-year compound annual growth rate could further clarify long-term trends.
Looking ahead, the European air and spacecraft sector is poised for varied development across the continent. Key trends to monitor include potential recovery phases in Greece and Finland, driven by strategic investments, and potential market expansions in Slovenia and Slovakia. Across the board, innovation in sustainable technologies and workforce skill enhancements will likely influence wage trajectories and competitiveness in the sector.
Top countries in Wages and Salaries in Air and Spacecraft and Related Machinery by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,730 | 2023 | +2.51% | +3.79% | View data |
| 2 | 2 Italy | 2,050 | 2023 | +2.39% | +3.13% | View data |
| 3 | 3 Spain | 1,320 | 2023 | +2.32% | +2.28% | View data |
| 4 | 4 Netherlands | 203 | 2023 | +1% | +0.7% | View data |
| 5 | 5 Austria | 87.71 | 2023 | +3.25% | +3.3% | View data |
| 6 | 6 Greece | 26.54 | 2023 | -6.01% | -6.65% | View data |
| 7 | 7 Slovenia | 11.41 | 2023 | +4.6% | +4.5% | View data |
| 8 | 8 Slovakia | 4.92 | 2023 | +3.15% | +3.75% | View data |
| 9 | 9 Finland | 3 | 2023 | -57.14% | -17.81% | View data |
