Based on the 2023 data, Germany leads European countries in wages and salaries in ship and boat building with 950 million Euros, followed by Italy at 838.49 million Euros, and France at 792 million Euros. The Netherlands and Spain stand at 574 million Euros and 352 million Euros respectively, while Finland, Greece, Austria, Slovenia, and Belgium have significantly lower values ranging from 220 million Euros to 3.5 million Euros. Year-on-year variations indicate a mix of growth and decline: Germany saw a 2.37% increase, Italy 1.86%, France 3.94%, and Belgium 3.83%. In contrast, Spain decreased by 2.03%, Finland by 1.06%, Greece by 4.19%, and Slovenia by 1.84%. Austria experienced a 2.61% increase, while the Netherlands saw a modest rise of 1.42%.
Future trends to watch include potential increases in investment and technology adoption in higher-performing countries, which might elevate wages and salaries. Conversely, countries with negative growth rates should explore structural reforms and other strategic interventions to reverse the downtrend. Monitoring economic policies, labor market changes, and global demand for shipbuilding will also be crucial for future projections.
Top countries in Wages and Salaries in Ships and Boats Building by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 950 | 2023 | +0.96% | +2.37% | View data |
| 2 | 2 Italy | 838.49 | 2023 | +0.7% | +1.86% | View data |
| 3 | 3 France | 792 | 2023 | +1.93% | +3.94% | View data |
| 4 | 4 Netherlands | 574 | 2023 | +1.23% | +1.42% | View data |
| 5 | 5 Spain | 352 | 2023 | -1.4% | -2.03% | View data |
| 6 | 6 Finland | 220 | 2023 | -0.45% | -1.06% | View data |
| 7 | 7 Greece | 38.3 | 2023 | -2.66% | -4.19% | View data |
| 8 | 8 Austria | 12.4 | 2023 | +3.72% | +2.61% | View data |
| 9 | 9 Slovenia | 6.22 | 2023 | +0.72% | -1.84% | View data |
| 10 | 10 Belgium | 3.5 | 2023 | -5.41% | +3.83% | View data |
