In 2023, Germany led the European electric lighting equipment industry with the highest wages and salaries share, despite a significant decline of 10.54%. Italy and the Netherlands showed positive growth of 2.61% and 2.15%, respectively. The Czech Republic and Slovakia experienced notable increases of 2.81% and 6.15%, while Hungary saw an impressive rise of 12.04%. France and Belgium faced negative trends of -5.35% and -6.06%, respectively. Particular attention to Serbia is warranted due to its substantial 40% increase.
Future trends to watch include:
- The impact of technological advancements on labor costs.
- Potential shifts in labor distribution as economies strive for energy efficiency.
- Germany's recovery trajectory and other countries maintaining positive growth.
- The influence of European Union regulatory changes on wage distributions.
- Continued upward trends in Eastern European countries due to economic expansion.
Top countries in Electric Lighting Equipment Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 17.48 | 2023 | -12.66% | -10.54% | View data |
| 2 | 2 Italy | 11.13 | 2023 | +7.85% | +2.61% | View data |
| 3 | 3 United Kingdom | 9.71 | 2023 | -0.16% | +0.83% | View data |
| 4 | 4 Netherlands | 8.61 | 2023 | +0.77% | +2.15% | View data |
| 5 | 5 Austria | 7.34 | 2023 | +3.85% | +2.01% | View data |
| 6 | 6 Spain | 7.19 | 2023 | +3.28% | -1.43% | View data |
| 7 | 7 Czech Republic | 6.62 | 2023 | +4.54% | +2.81% | View data |
| 8 | 8 France | 6.41 | 2023 | -4.78% | -5.35% | View data |
| 9 | 9 Poland | 5.84 | 2023 | +2.72% | +2.62% | View data |
| 10 | 10 Slovakia | 4.07 | 2023 | +9.44% | +6.15% | View data |
