In 2024, European labor costs in transportation and warehousing varied significantly, with Germany leading at 94.47 billion euros and Estonia the lowest at 1.23 billion euros. In 2023, Germany saw a 2.45% increase, while Greece and Lithuania experienced the highest growth rates at 3.5%. Over the last five years, growth varies by country, providing insight into regional economic trends and workforce dynamics. Notable are Ireland and Latvia, with year-on-year increases surpassing 2.5%.
Future trends to watch include the impact of automation and digital logistics on labor demands, regional economic changes, and evolving trade dynamics possibly affecting labor cost structures. Monitoring these trends is crucial for strategic planning and competitive positioning in the sector.
Top countries in Labour Costs in Transportation and Warehousing by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 94,470 | 2023 | +2.08% | +2.45% | View data |
| 2 | 2 France | 65,020 | 2023 | +1.03% | +0.92% | View data |
| 3 | 3 Italy | 44,760 | 2023 | +1.46% | +1.76% | View data |
| 4 | 4 Spain | 28,060 | 2023 | +1.48% | +1.2% | View data |
| 5 | 5 Belgium | 15,560 | 2023 | +1.47% | +1.93% | View data |
| 6 | 6 Austria | 10,800 | 2023 | +1.65% | +1.5% | View data |
| 7 | 7 Greece | 7,610 | 2023 | +2.41% | +3.5% | View data |
| 8 | 8 Finland | 6,170 | 2023 | +1.1% | +1.04% | View data |
| 9 | 9 Portugal | 5,270 | 2023 | +1.88% | +1.54% | View data |
| 10 | 10 Ireland | 3,990 | 2023 | +1.74% | +2.66% | View data |
