In 2023, Germany led the European motor vehicle wages at 49.59 billion euros, reflecting a 2.08% increase. The UK and France followed with significant disparities in growth rates at 2.18% and -2.24% respectively. Exceptional growth was seen in Poland (9.8%) and Serbia (9.05%). Meanwhile, Greece faced a notable decline of 26.18%. CAGR insights highlight Poland and Lithuania’s robust growth over the past five years, while Greece and Belgium experienced declines.
Looking ahead, varying economic conditions, labor market dynamics, automation, and sustainable vehicle adoption could particularly influence wages in Germany and emerging markets like Poland.
Top countries in Motor Vehicles Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49,590 | 2023 | +3.16% | +2.08% | View data |
| 2 | 2 United Kingdom | 5,340 | 2023 | +1.98% | +2.18% | View data |
| 3 | 3 France | 5,140 | 2023 | -0.77% | -2.24% | View data |
| 4 | 4 Sweden | 3,400 | 2023 | +3.08% | +2.91% | View data |
| 5 | 5 Spain | 3,030 | 2023 | +4.49% | +3.04% | View data |
| 6 | 6 Italy | 2,450 | 2023 | +2.4% | +1.67% | View data |
| 7 | 7 Austria | 1,190 | 2023 | +2.52% | +1.57% | View data |
| 8 | 8 Czech Republic | 1,170 | 2023 | +0.46% | +2.86% | View data |
| 9 | 9 Poland | 1,100 | 2023 | +7.52% | +9.8% | View data |
| 10 | 10 Netherlands | 985.5 | 2023 | +4.8% | +7.69% | View data |
