European wages and salaries in the business services sector presented diverse trends across different countries in 2023. Germany led with the highest share at 41.8 million euros, followed by Italy (14.15 million euros) and Spain (12.49 million euros). Year-on-year growth varied, with Lithuania, Latvia, and Estonia experiencing the highest increases at 3.32%, 3.11%, and 3.06% respectively. Ireland also notable for its significant growth at 4.0%. Other countries, including Germany, Italy, and Belgium, showed more moderate increases between 1.96% and 2.78%.
Looking forward, the European business services sector is anticipated to continue evolving, with potential impactful trends including technological advancements, increased remote work adoption, and shifting economic policies. Monitoring these variables will be crucial for predicting future wage and salary distributions across different countries.
Top countries in Wages and Salaries in Business Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.8 | 2023 | +2.32% | +2.71% | View data |
| 2 | 2 Italy | 14.15 | 2023 | +1.78% | +1.96% | View data |
| 3 | 3 Spain | 12.49 | 2023 | +1.6% | +1.54% | View data |
| 4 | 4 Netherlands | 9.89 | 2023 | +1.71% | +1.59% | View data |
| 5 | 5 Belgium | 5.09 | 2023 | +1.97% | +2.34% | View data |
| 6 | 6 Austria | 4.54 | 2023 | +2.1% | +2.07% | View data |
| 7 | 7 Ireland | 2.99 | 2023 | +2.99% | +4% | View data |
| 8 | 8 Finland | 2.47 | 2023 | +1.91% | +1.84% | View data |
| 9 | 9 Portugal | 2.14 | 2023 | +1.81% | +1.58% | View data |
| 10 | 10 Greece | 1.54 | 2023 | +0.98% | +1.55% | View data |
