In 2023, Germany led European labour costs in the food and beverage sector with 35.65 billion euros, significantly higher than others. Italy followed with 16.22 billion euros. The Netherlands, Austria, Greece, and Finland had lower costs, while Slovakia and Slovenia reported the least with 0.72087 billion and 0.4047 billion euros respectively. Year-on-year variations showed a modest increase in Germany, Netherlands, and Austria at 1.45%, 1.47%, and 1.62%, respectively. Italy saw a 1.94% rise. The highest percentage increase was in Slovakia at 2.01%, suggesting notable economic activity there.
Future trends to watch include potential changes in labour costs due to economic conditions, labor regulations, or technological advancements. Germany's high costs may press firms to seek efficiency improvements, while emerging countries like Slovakia may attract investment due to lower costs but rising economic activity. European policies, automation, and union negotiations could influence these dynamics significantly, affecting competitive positioning across the region.
Top countries in Labour Costs in Food and Beverages by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 35,650 | 2023 | +1.34% | +1.45% | View data |
| 2 | 2 Italy | 16,220 | 2023 | +1.59% | +1.94% | View data |
| 3 | 3 Netherlands | 7,210 | 2023 | +1.58% | +1.47% | View data |
| 4 | 4 Austria | 3,580 | 2023 | +1.65% | +1.62% | View data |
| 5 | 5 Greece | 2,010 | 2023 | +0.42% | +0.25% | View data |
| 6 | 6 Finland | 1,770 | 2023 | +0.86% | +0.95% | View data |
| 7 | 7 Slovakia | 720.87 | 2023 | +2.28% | +2.01% | View data |
| 8 | 8 Slovenia | 404.7 | 2023 | +1.61% | +1.29% | View data |
