In 2023, Germany led European wages in legal, accounting, head offices, and management consultancy activities with €74.22 billion, experiencing a modest year-on-year growth of 4.05%. While Spain followed at €17.72 billion, reflecting a notable 7.99% increase. Belgium, Austria, and Luxembourg reported steady growths of 3.58%, 4.45%, and 6.92% respectively. Portugal and Finland showed significant increases of 6.2% and 6.99%. Conversely, Greece lagged, with a minimal growth of 0.94%. Slovakia, Slovenia, Cyprus, and Lithuania demonstrated modest upward trends with Lithuania observing the highest growth rate of 12.4%, albeit starting from lower bases.
Future trends to watch include potential wage increases across Eastern European countries as economic growth continues. Additionally, digital transformation and remote work technologies are likely to drive demand for consulting services, impacting wage structures. Attention should also be paid to regulatory changes and economic policies which may influence wage dynamics across the European Union.
Top countries in Wages and Salaries in Legal, Accounting, Head Offices, Management Consultancy Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 74,220 | 2023 | +4.4% | +4.05% | View data |
| 2 | 2 Spain | 17,720 | 2023 | +4.2% | +7.99% | View data |
| 3 | 3 Belgium | 6,840 | 2023 | +2.99% | +3.58% | View data |
| 4 | 4 Austria | 6,010 | 2023 | +3.71% | +4.45% | View data |
| 5 | 5 Luxembourg | 3,680 | 2023 | +6.04% | +6.92% | View data |
| 6 | 6 Portugal | 3,020 | 2023 | +5.42% | +6.2% | View data |
| 7 | 7 Finland | 2,990 | 2023 | +6.72% | +6.99% | View data |
| 8 | 8 Greece | 1,140 | 2023 | +0.13% | +0.94% | View data |
| 9 | 9 Slovakia | 971.91 | 2023 | +3.87% | +4.03% | View data |
| 10 | 10 Slovenia | 613.48 | 2023 | +3.07% | +4.25% | View data |
