The European residential care and social work services sector shows significant variation in gross value added (GVA) by country. Germany leads with a GVA share of 47.75 million euros, with the Netherlands and Spain following at 21.2 and 10.83 million euros, respectively. In 2023, most countries experienced positive growth, with Malta (10.01%) and Slovakia (7.4%) seeing the highest year-on-year increases. Luxembourg's GVA surged by 7.25%, while Germany's GVA grew by 4.0%. Conversely, Cyprus witnessed a minor decline of 0.39%.
Future trends may include:
- Demographic shifts increasing demand for care services.
- Technological advancements improving service efficiency.
- Policy changes affecting funding and operational models.
- Regional disparities influencing investment opportunities.
Top countries in Residential Care and Social Work Services Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 47.75 | 2023 | +3.5% | +4% | View data |
| 2 | 2 Netherlands | 21.2 | 2023 | +2.56% | +4.77% | View data |
| 3 | 3 Spain | 10.83 | 2023 | +2.19% | +2.62% | View data |
| 4 | 4 Belgium | 7.12 | 2023 | +0.62% | +3.78% | View data |
| 5 | 5 Finland | 6.14 | 2023 | +3.23% | +3.81% | View data |
| 6 | 6 Ireland | 2.93 | 2023 | +3.08% | +2.9% | View data |
| 7 | 7 Portugal | 2.01 | 2023 | +2.4% | +1.98% | View data |
| 8 | 8 Luxembourg | 1.24 | 2023 | +6.53% | +7.25% | View data |
| 9 | 9 Slovakia | 0.44 | 2023 | +6.45% | +7.4% | View data |
| 10 | 10 Malta | 0.17 | 2023 | +8.19% | +10.01% | View data |
