In 2023, the wages and salaries for inland passenger water transport in Germany stood at 116.4 million Euros. The forecasted values from 2024 to 2028 indicate a gradual increase in wages and salaries, starting from 118.5 million Euros in 2024 and reaching 126.7 million Euros in 2028. The trend shows a consistent year-on-year growth of around 1.7% to 1.8% from 2024 to 2028. The compound annual growth rate (CAGR) for this period is approximately 1.8%.
Future trends to watch for:
- The impact of inflationary pressures on wage agreements and subsequent costs for businesses.
- Technological advancements that may augment labor productivity and affect wage dynamics.
- Changing regulatory and environmental policies possibly influencing labor requirements and costs.
- The overall economic conditions affecting demand for passenger water transport services, thereby impacting employment and wage levels.
