In 2023, Germany led European wages in the chemical, rubber, plastics, fuel products, and other non-metallic mineral products sector with 62.35 billion euros, showing a modest 1.81% increase. Spain and Belgium followed, but Spain experienced a slight decline of 0.085%. Smaller countries like Lithuania and Estonia saw significant growth, with Estonia marking a 2.7% increase, reflecting emerging trends in these markets. The five-year CAGR across these countries highlights stability and gradual growth in wages, suggesting a recovering and evolving sector.
Future trends to watch include the potential impact of economic policies and sustainability measures on labor costs. Advancements in technology and the push for greener materials may also influence wage structures and growth across the European market. Additionally, labor market disruptions and geopolitical shifts could reshape wage patterns and industrial competitiveness.
Top countries in Wages and Salaries 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 | 62,350 | 2023 | +1.65% | +1.81% | View data |
| 2 | 2 Spain | 10,850 | 2023 | -0.028% | -0.085% | View data |
| 3 | 3 Belgium | 8,760 | 2023 | +1.55% | +1.81% | View data |
| 4 | 4 Netherlands | 7,030 | 2023 | +1.09% | +0.95% | View data |
| 5 | 5 Austria | 5,370 | 2023 | +1.71% | +1.66% | View data |
| 6 | 6 Finland | 2,270 | 2023 | +0.98% | +0.91% | View data |
| 7 | 7 Greece | 1,420 | 2023 | +0.13% | +0.94% | View data |
| 8 | 8 Slovenia | 1,210 | 2023 | +2.36% | +2.11% | View data |
| 9 | 9 Luxembourg | 482.1 | 2023 | +1.52% | +1.73% | View data |
| 10 | 10 Lithuania | 461.5 | 2023 | +2.4% | +2.34% | View data |
