In 2023, Germany led Europe's machinery sector for mining, quarrying, and construction, with wages and salaries at 43.78 million euros, reflecting a 3.64% year-on-year growth. France showed the most significant increase of 7.5%. Conversely, Greece faced a substantial decline of 41.82%. Notably, Poland experienced an 8.28% decrease, highlighting potential competitiveness challenges. Smaller economies like Portugal and Croatia also saw noticeable growth, each surpassing 5%, indicating their strengthening roles in the region.
Future trends to watch include technological investments and digitalization influencing wage structures. Germany's continued stronghold might face emerging competition from rapidly growing sectors in France and Italy. Monitoring political and economic stability will be crucial for forecasting these wage trends.
Top countries in Machinery for Mining, Quarrying and Construction Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.78 | 2023 | +3.98% | +3.64% | View data |
| 2 | 2 United Kingdom | 13.81 | 2023 | +2.7% | +1.95% | View data |
| 3 | 3 France | 7.37 | 2023 | +7.45% | +7.5% | View data |
| 4 | 4 Italy | 6.62 | 2023 | +1.93% | +0.59% | View data |
| 5 | 5 Sweden | 5.87 | 2023 | +0.24% | +0.93% | View data |
| 6 | 6 Finland | 5.04 | 2023 | +2.69% | +2.64% | View data |
| 7 | 7 Poland | 3.02 | 2023 | +4.38% | -8.28% | View data |
| 8 | 8 Norway | 2.84 | 2023 | +3.46% | +1% | View data |
| 9 | 9 Austria | 2.6 | 2023 | +0.049% | -0.069% | View data |
| 10 | 10 Czech Republic | 2.31 | 2023 | +2.45% | +1.83% | View data |
