In 2023, Germany led European labor costs in the Rubber and Plastics Products, and Other Non-metallic Mineral Products sectors, with expenditures reaching 34.74 billion euros. Italy and France followed, each surpassing 12 billion euros, while Spain's costs approached 7 billion euros. Notably, Belgium, Austria, and the Netherlands maintained moderate figures, just above 3 billion euros. Finland, Ireland, and Slovenia reported under 1 billion euros. Over the past year, Germany (+1.62%), Belgium (+1.53%), and Luxembourg (+1.54%) saw significant increases, while France and Greece faced declines.
Future trends to watch include:
- Continued growth in Germany’s labor costs, potentially widening the gap with other nations.
- Potential recovery in France’s and Spain’s cost dynamics.
- Watch for Ireland and Slovenia's labor cost uptick, indicating an evolving market landscape.
- Monitoring economic policies and automation trends that could impact labor costs across Europe.
Top countries in Labour Costs in Rubber and Plastics Products, and Other Non-metallic Mineral Products by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 34,740 | 2023 | +1.49% | +1.62% | View data |
| 2 | 2 Italy | 13,630 | 2023 | +0.38% | +0.41% | View data |
| 3 | 3 France | 12,300 | 2023 | +0.073% | -0.22% | View data |
| 4 | 4 Spain | 6,630 | 2023 | -0.69% | -0.94% | View data |
| 5 | 5 Belgium | 3,530 | 2023 | +1.14% | +1.53% | View data |
| 6 | 6 Austria | 3,520 | 2023 | +1.36% | +1.28% | View data |
| 7 | 7 Netherlands | 3,150 | 2023 | +1.03% | +0.91% | View data |
| 8 | 8 Finland | 1,320 | 2023 | +0.46% | +0.26% | View data |
| 9 | 9 Ireland | 845.22 | 2023 | +1.37% | +2.35% | View data |
| 10 | 10 Slovenia | 699.6 | 2023 | +2.39% | +2.13% | View data |
