In 2023, Germany had the highest wages and salaries in the arts, entertainment, and repair of household goods sector among European countries, with a significant lead over Italy and Spain. These top three countries showed moderate year-on-year growth rates of 2.39% for Germany, 1.21% for Italy, and 1.28% for Spain. Notably, smaller economies like Lithuania (2.93%), Latvia (2.85%), and Estonia (2.81%) experienced the highest growth rates, indicating emerging market dynamics. Greece was the only country with a negative growth rate at -0.11%, signaling potential economic challenges.
Looking ahead, a few trends are noteworthy:
- Watch for continued growth in smaller European economies within this sector as they close the gap with larger countries.
- The negative trend in Greece deserves attention, as it may reflect broader economic issues that could affect its recovery in these industries.
- Technology adoption and digital transformation in arts and entertainment could lead to new growth opportunities across European markets.
Top countries in Wages and Salaries in Arts, Entertainment, Repair of Household Goods Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.34 | 2023 | +1.94% | +2.39% | View data |
| 2 | 2 Italy | 21.04 | 2023 | +1.19% | +1.21% | View data |
| 3 | 3 Spain | 16.84 | 2023 | +1.35% | +1.28% | View data |
| 4 | 4 Netherlands | 5.59 | 2023 | +1.57% | +1.42% | View data |
| 5 | 5 Austria | 3.21 | 2023 | +1.72% | +1.77% | View data |
| 6 | 6 Belgium | 3.14 | 2023 | +1.85% | +2.21% | View data |
| 7 | 7 Finland | 2.37 | 2023 | +1.68% | +1.82% | View data |
| 8 | 8 Portugal | 2.02 | 2023 | +1.56% | +1.51% | View data |
| 9 | 9 Greece | 1.52 | 2023 | +0.034% | -0.11% | View data |
| 10 | 10 Ireland | 1.35 | 2023 | +1.84% | +2.25% | View data |
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