In 2023, Germany led labor costs in the European chemical, rubber, plastics, fuel, and non-metallic mineral products sectors, amounting to 76.4 billion Euros. France followed with 27.29 billion Euros and Italy at 25.95 billion Euros. Lesser costs were noted in countries like Estonia and Luxembourg. Over the past two years, Germany and Belgium showed notable year-on-year increases of 1.87% and 1.71%, respectively, whereas Spain saw a slight decline of 0.22%. Estonia demonstrated the highest growth rate at 2.71%, while Slovenia and Lithuania also experienced significant increases.
Looking ahead, the forecast suggests cautious optimism, with countries like Estonia, Slovenia, and Lithuania potentially advancing due to stronger growth rates. Watch for emerging trends in labor costs related to regulatory changes, technological advances, and economic shifts across Europe that could reshape these sectors.
Top countries in Labour Costs in Chemical, Rubber, Plastics, Fuel Products and Other Non-metallic Mineral Products by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 76,400 | 2023 | +1.63% | +1.87% | View data |
| 2 | 2 France | 27,290 | 2023 | +0.51% | +0.32% | View data |
| 3 | 3 Italy | 25,950 | 2023 | +0.66% | +0.83% | View data |
| 4 | 4 Spain | 13,980 | 2023 | -0.079% | -0.22% | View data |
| 5 | 5 Belgium | 11,880 | 2023 | +1.43% | +1.71% | View data |
| 6 | 6 Netherlands | 8,770 | 2023 | +0.93% | +0.79% | View data |
| 7 | 7 Austria | 6,460 | 2023 | +1.72% | +1.66% | View data |
| 8 | 8 Finland | 2,690 | 2023 | +0.79% | +0.77% | View data |
| 9 | 9 Greece | 1,750 | 2023 | +0.086% | +0.87% | View data |
| 10 | 10 Slovenia | 1,440 | 2023 | +2.36% | +2.11% | View data |
