The European labor costs in the motor vehicles and motorcycles wholesale, retail trade, and repair sectors showed varied trends across countries in 2023. Leading the pack, Germany recorded the highest labor costs at €30.91 million, reflecting a 2.38% year-on-year increase. France followed with €21.34 million, showing a modest 1.08% rise. Italy, Spain, and the Netherlands also witnessed steady increments, while Ireland, Luxembourg, and the Baltic nations marked notable growth, with Ireland seeing an impressive 2.81% year-on-year surge. However, Greece experienced a slight decline with a -0.37% variation.
Looking ahead, key trends to watch include:
- Potential economic shifts or policy changes impacting labor costs across the EU.
- Technological advancements influencing operational efficiencies and associated labor needs.
- Varying recovery rates from economic slowdowns leading to differentiated growth rates among countries.
- Continued growth in Eastern Europe potentially outpacing Western counterparts due to lower base effects.
Top countries in Labour Costs in Motor Vehicles and Motorcycles Wholesale, Retail Trade and Repar Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.91 | 2023 | +1.9% | +2.38% | View data |
| 2 | 2 France | 21.34 | 2023 | +1.28% | +1.08% | View data |
| 3 | 3 Italy | 12.03 | 2023 | +1.75% | +1.89% | View data |
| 4 | 4 Spain | 11.09 | 2023 | +1.44% | +1.43% | View data |
| 5 | 5 Netherlands | 7.2 | 2023 | +1.61% | +1.52% | View data |
| 6 | 6 Belgium | 4.14 | 2023 | +1.38% | +1.68% | View data |
| 7 | 7 Austria | 3.71 | 2023 | +1.87% | +1.82% | View data |
| 8 | 8 Portugal | 1.9 | 2023 | +1.58% | +1.43% | View data |
| 9 | 9 Ireland | 1.83 | 2023 | +2.42% | +2.81% | View data |
| 10 | 10 Finland | 1.69 | 2023 | +1.29% | +1.36% | View data |
