In 2023, Germany dominated European wages in the basic metals sector with significant margin at €45.33 million, followed by Italy and France. A long-term view reveals a moderate positive trend with countries like Germany, Austria, and the Netherlands experiencing slight upward year-on-year growth. On the contrary, France, Spain, and Luxembourg experienced slight declines. Slovakia and Greece reported notable increases in wages, with Slovenia and Ireland achieving over 3% growth. Estonia, despite its small scale, also saw significant growth.
Future trends may see Eastern European countries like Slovakia and Greece continuing their upward trajectory in wages, as these regions develop their industrial sectors. Established markets like Germany are likely to maintain their dominance, although they may face incremental pressures from emerging markets and potential economic fluctuations within the EU.
Top countries in Wages and Salaries in Basic Metals Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.33 | 2023 | +1.31% | +1.24% | View data |
| 2 | 2 Italy | 14.12 | 2023 | +0.83% | +1.01% | View data |
| 3 | 3 France | 9.73 | 2023 | -0.13% | -0.23% | View data |
| 4 | 4 Austria | 7.24 | 2023 | +1.76% | +1.67% | View data |
| 5 | 5 Spain | 7.1 | 2023 | -0.28% | -0.63% | View data |
| 6 | 6 Belgium | 5.16 | 2023 | +0.26% | +0.49% | View data |
| 7 | 7 Netherlands | 3.96 | 2023 | +1.25% | +1.02% | View data |
| 8 | 8 Finland | 2.09 | 2023 | +0.31% | +0.16% | View data |
| 9 | 9 Slovakia | 1.76 | 2023 | +2.4% | +2.77% | View data |
| 10 | 10 Greece | 1 | 2023 | +1.14% | +2.48% | View data |
