In 2023, Germany led the European labor costs in the food, beverages, and tobacco sector, with 40.42 million euros, followed by Italy and Spain. Notable year-on-year increases were observed in Belgium (2.24%) and Lithuania (2.28%). In contrast, Slovakia experienced the highest variation, demonstrating a 3.29% rise. Over the last five years, performances varied with some nations showcasing stability and others indicating notable growth trends in labor costs.
Future trends to watch in European labor costs include:
- Potential impact of economic policies and inflation on labor costs.
- Technological advancements possibly affecting labor demand and associated costs.
- Brexit's long-term implications on labor distribution across European nations.
Top countries in Labour Costs in Food, Beverages and Tobacco Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.42 | 2023 | +1.4% | +1.63% | View data |
| 2 | 2 Italy | 17.89 | 2023 | +1.67% | +2.07% | View data |
| 3 | 3 Spain | 13.97 | 2023 | +0.88% | +0.84% | View data |
| 4 | 4 Netherlands | 7.87 | 2023 | +1.46% | +1.33% | View data |
| 5 | 5 Belgium | 6.37 | 2023 | +1.85% | +2.24% | View data |
| 6 | 6 Austria | 3.87 | 2023 | +1.58% | +1.54% | View data |
| 7 | 7 Ireland | 2.68 | 2023 | +1.66% | +1.22% | View data |
| 8 | 8 Greece | 2.41 | 2023 | +0.75% | +1.25% | View data |
| 9 | 9 Finland | 1.92 | 2023 | +0.8% | +0.93% | View data |
| 10 | 10 Slovakia | 0.83 | 2023 | +2.57% | +3.29% | View data |
