In 2023, Germany dominated the European wages and salaries in the motor vehicles sector, accounting for a significant share. Italy and Spain held substantial positions, though far behind Germany. Austria, Slovakia, and Belgium followed, with smaller but noteworthy shares. The year-on-year data indicate growth in most countries, with Slovakia and Slovenia experiencing notable increases, while Belgium and Greece saw declines. Over the past five years, trends hint at steady growth in countries like Slovakia and Estonia, contrasting with a decrease in Greece.
Future trends to watch include:
- Potential shifts in production hubs due to changing EU regulations and policies.
- Technological advancements steering industry wages and focus towards advanced automotive technology sectors, especially in Germany.
- Increasing competition among Eastern European countries aiming to attract new investments.
Top countries in Wages and Salaries in Motor Vehicles, Trailers and Semi-trailers Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 76.87 | 2023 | +2.13% | +2.26% | View data |
| 2 | 2 Italy | 7.22 | 2023 | +1.14% | +0.8% | View data |
| 3 | 3 Spain | 6.59 | 2023 | +0.94% | +0.88% | View data |
| 4 | 4 Austria | 2.59 | 2023 | +2.37% | +1.77% | View data |
| 5 | 5 Slovakia | 2.29 | 2023 | +4.12% | +4.53% | View data |
| 6 | 6 Belgium | 1.75 | 2023 | -0.66% | -0.79% | View data |
| 7 | 7 Netherlands | 1.51 | 2023 | +2.11% | +1.62% | View data |
| 8 | 8 Finland | 0.49 | 2023 | +2.76% | +1.91% | View data |
| 9 | 9 Slovenia | 0.47 | 2023 | +2.68% | +2.33% | View data |
| 10 | 10 Ireland | 0.13 | 2023 | +1.01% | +2.65% | View data |
