The data from 2023 shows a significant variation in hours worked in the European basic pharmaceutical sector. Spain leads with 27.737 million hours, followed by Italy and the United Kingdom. Notably, Belgium experienced the highest year-on-year growth of 32.11%, while Poland saw a substantial decrease of 19.77%. Over the past five years, the compound annual growth rate (CAGR) highlights consistent growth in Belgium and Norway, while countries like Poland and Latvia have seen declines.
Future trends to watch include:
- Technological advancements potentially reducing hours worked in countries with high automation capabilities.
- Policy changes impacting labor inputs, especially in regions with declining trends.
- Expansion of production capacities in countries with positive growth trends like Belgium and Portugal.
Top countries in Basic Pharmaceutical Products Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 27,737,000 | 2023 | +6.5% | +5.59% | View data |
| 2 | 2 Italy | 26,234,000 | 2023 | +1.58% | +2.27% | View data |
| 3 | 3 United Kingdom | 15,321,000 | 2023 | +2.8% | +3.51% | View data |
| 4 | 4 Germany | 9,943,000 | 2023 | +2.57% | +3.79% | View data |
| 5 | 5 Austria | 9,288,900 | 2023 | +2.41% | +0.68% | View data |
| 6 | 6 Portugal | 4,637,200 | 2023 | +4.13% | +7.45% | View data |
| 7 | 7 Romania | 3,996,700 | 2023 | -0.99% | -2.47% | View data |
| 8 | 8 Belgium | 3,682,200 | 2023 | +14.48% | +32.11% | View data |
| 9 | 9 Hungary | 2,304,000 | 2023 | -2.08% | -2.7% | View data |
| 10 | 10 Czech Republic | 2,146,500 | 2023 | -0.35% | -1.95% | View data |
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