In 2023, Germany led European countries in electronic components wages at 5.69 billion euros, showing growth at 6.02%. Among the largest increases, Austria and Hungary saw notable wage rises at 9.82% and 24.52%, respectively. However, some countries like Sweden and Slovakia faced declines, at -3.98% and -4.16%. Bulgaria had the most significant drop at -16.54%. Consistently low wages appeared in Croatia and Greece.
Future trends to watch:
- Potential growth in Eastern European countries as infrastructure improves.
- Continued wage increases in Germany and key Western European markets.
- Impact of technological advancements on wage dynamics across Europe.
Top countries in Electronic Components Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,690 | 2023 | +5.91% | +6.02% | View data |
| 2 | 2 France | 1,410 | 2023 | +1.11% | -1.62% | View data |
| 3 | 3 Italy | 965.2 | 2023 | +0.53% | +0.8% | View data |
| 4 | 4 Austria | 778.7 | 2023 | +7.93% | +9.82% | View data |
| 5 | 5 United Kingdom | 462.8 | 2023 | -0.62% | -0.79% | View data |
| 6 | 6 Hungary | 379.3 | 2023 | +17.29% | +24.52% | View data |
| 7 | 7 Spain | 217.2 | 2023 | +1.64% | +5.41% | View data |
| 8 | 8 Belgium | 199.1 | 2023 | +4.19% | +9.02% | View data |
| 9 | 9 Poland | 183.8 | 2023 | +2.34% | +2.16% | View data |
| 10 | 10 Czech Republic | 118 | 2023 | +3.06% | +2.72% | View data |
