In 2023, Germany led European labor costs in ICT and Information Services, followed by France and Italy. Year-on-year increases show Germany experienced significant growth at 4.8%, with Ireland and Slovakia also seeing substantial rises at 6.24% and 5.12%, respectively. Belgium and Greece posted increases above the regional average, with 4.0% and 4.58%. Countries like the Netherlands and Slovenia saw more modest growth.
Future trends suggest labor cost growth may continue to rise in tech-heavy economies like Germany and France, influenced by digital transformation and talent demand. Additionally, lower-cost countries may see accelerated growth as they attract ICT investments.
Top countries in Labour Costs in ICT and Information Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 74,730 | 2023 | +3.53% | +4.8% | View data |
| 2 | 2 France | 48,600 | 2023 | +2.69% | +3.13% | View data |
| 3 | 3 Italy | 19,930 | 2023 | +2.4% | +2.66% | View data |
| 4 | 4 Spain | 15,670 | 2023 | +2.94% | +2.64% | View data |
| 5 | 5 Netherlands | 15,350 | 2023 | +2.68% | +2.5% | View data |
| 6 | 6 Belgium | 6,920 | 2023 | +3.08% | +4% | View data |
| 7 | 7 Ireland | 6,910 | 2023 | +4.29% | +6.24% | View data |
| 8 | 8 Austria | 5,360 | 2023 | +3.09% | +2.96% | View data |
| 9 | 9 Finland | 5,010 | 2023 | +2.9% | +2.79% | View data |
| 10 | 10 Slovakia | 1,360 | 2023 | +3.86% | +5.12% | View data |
