The data on European wages and salaries in the basic metals sector shows that Germany leads significantly, with €13.87 billion in 2023, followed by Italy and France. Smaller markets like Estonia report much lower figures. Year-on-year growth for 2023 indicates increasing wages in Slovakia, Greece, Slovenia, Ireland, and Estonia, all with more than 2% growth. Conversely, France, Spain, and Luxembourg experienced declines. Notably, wages in Germany, Italy, and the Netherlands grew modestly. The CAGR over the last five years highlights growth potential in Eastern Europe, though the overall trend shows relatively stable growth across most countries.
Future trends to watch include potential wage increases driven by labor shortages and shifts in production processes towards automation and digitalization. Policies promoting sustainable practices in the metals industry could also impact wage structures. Additionally, geopolitical factors and economic conditions at the macro level will play a crucial role in shaping wage trends across Europe.
Top countries in Wages and Salaries in Basic Metals by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13,870 | 2023 | +1.31% | +1.24% | View data |
| 2 | 2 Italy | 4,320 | 2023 | +0.83% | +1.01% | View data |
| 3 | 3 France | 2,980 | 2023 | -0.13% | -0.23% | View data |
| 4 | 4 Austria | 2,210 | 2023 | +1.76% | +1.67% | View data |
| 5 | 5 Spain | 2,170 | 2023 | -0.28% | -0.63% | View data |
| 6 | 6 Belgium | 1,580 | 2023 | +0.26% | +0.49% | View data |
| 7 | 7 Netherlands | 1,210 | 2023 | +1.25% | +1.02% | View data |
| 8 | 8 Finland | 640 | 2023 | +0.31% | +0.16% | View data |
| 9 | 9 Slovakia | 537.12 | 2023 | +2.4% | +2.77% | View data |
| 10 | 10 Greece | 307.19 | 2023 | +1.14% | +2.48% | View data |
