The 2023 data suggests Germany and the UK hold the largest shares in wages and salaries in service activities incidental to water transportation at 17.23M and 17.03M euros respectively. Notable year-on-year growth includes Lithuania at 9.42% and Hungary at 12.26%, while Croatia saw a significant decline of 8.02%. The Compound Annual Growth Rate (CAGR) over the past five years suggests a diverse range of trends across countries, pointing towards robust early digitization in water transportation services and regional variations driven by economic and infrastructural differences.
Future trends may include:
- Technological advancements further driving efficiencies and reducing labor cost dependencies.
- Increasing investments in green shipping initiatives boosting sectors in Northern Europe.
- Possible Brexit impact on the UK's share in the water transportation service sector.
- Shift towards integrated European policies enhancing workforce mobility and wage parity.
Top countries in Wages and Salaries of Service Activities Incidental to Water Transportation Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.23 | 2023 | +1.92% | +2.49% | View data |
| 2 | 2 United Kingdom | 17.03 | 2023 | +0.72% | +0.4% | View data |
| 3 | 3 Spain | 14.24 | 2023 | +3.5% | +3.11% | View data |
| 4 | 4 Greece | 9.97 | 2023 | +5.39% | +1.87% | View data |
| 5 | 5 Italy | 8.84 | 2023 | +1.73% | +1.51% | View data |
| 6 | 6 France | 8.66 | 2023 | +1.99% | +1.21% | View data |
| 7 | 7 Belgium | 4.02 | 2023 | +0.25% | +1.94% | View data |
| 8 | 8 Denmark | 3.77 | 2023 | +4.79% | +4.91% | View data |
| 9 | 9 Netherlands | 3.36 | 2023 | -0.15% | +0.48% | View data |
| 10 | 10 Norway | 3.09 | 2023 | -1.03% | -1.53% | View data |
