In 2023, Germany led European wages and salaries in High- and Medium-High R&D Intensive Activities with a value of 309.36 billion euros. Italy and Spain followed at 66.92 and 35.69 billion euros respectively, while countries like Estonia had the lowest at 1.09 billion euros. The year-on-year growth from 2022 showed Germany with a modest increase of 2.66%, while Estonia had the highest rate at 3.41%. Other countries like Austria, Slovenia, and Greece also displayed significant growth rates of over 2%. The 5-year compound annual growth rate (CAGR) highlights steady growth in this sector.
Future trends indicate increased wage disparities influenced by varied investment in R&D sectors across Europe. Germany will likely continue dominating the landscape, but emerging economies such as Estonia and Slovenia show potential for significant growth due to their recent trajectory. Monitoring these dynamics will provide insights into economic shifts in Europe's R&D investments.
Top countries in Wages and Salaries in High- and Medium-High (2-Digit Definition) R&D Intensive Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 309,360 | 2023 | +2.3% | +2.66% | View data |
| 2 | 2 Italy | 66,920 | 2023 | +1.54% | +1.72% | View data |
| 3 | 3 Spain | 35,690 | 2023 | +1.5% | +1.29% | View data |
| 4 | 4 Netherlands | 30,650 | 2023 | +1.99% | +1.88% | View data |
| 5 | 5 Austria | 20,190 | 2023 | +2.35% | +2.2% | View data |
| 6 | 6 Belgium | 17,020 | 2023 | +1.67% | +1.97% | View data |
| 7 | 7 Finland | 12,160 | 2023 | +1.55% | +1.43% | View data |
| 8 | 8 Slovenia | 2,980 | 2023 | +2.46% | +2.18% | View data |
| 9 | 9 Greece | 2,520 | 2023 | +1.34% | +2.46% | View data |
| 10 | 10 Luxembourg | 1,900 | 2023 | +2.02% | +1.7% | View data |
