The data on European wages and salaries in residential care and social work activities reveal that Germany, France, and the Netherlands lead the sector. In 2023, the sector saw varying year-on-year growth rates, with Slovakia experiencing the highest increase, while Greece recorded a decline. Germany and Ireland shared the highest growth rate of 3.65%. Over five years, countries like Lithuania and Estonia maintained a CAGR of 3.22%, indicating strong growth in their sectors.
Future trends to watch include:
- Potential shifts in workforce demographics affecting wage structures.
- The impact of policy changes addressing labor shortages across Europe.
- Technological advancements improving efficiency and possibly affecting employment rates in the sector.
Top countries in Wages and Salaries in Residential Care and Social Work Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.18 | 2023 | +2.98% | +3.65% | View data |
| 2 | 2 France | 27.12 | 2023 | +1.76% | +1.89% | View data |
| 3 | 3 Netherlands | 10.43 | 2023 | +1.59% | +1.6% | View data |
| 4 | 4 Spain | 5.57 | 2023 | +2.02% | +2.12% | View data |
| 5 | 5 Italy | 5.42 | 2023 | +2.35% | +2.43% | View data |
| 6 | 6 Belgium | 5.28 | 2023 | +2.51% | +2.92% | View data |
| 7 | 7 Finland | 3.81 | 2023 | +2.17% | +2.3% | View data |
| 8 | 8 Austria | 2.72 | 2023 | +2.66% | +2.8% | View data |
| 9 | 9 Ireland | 1.9 | 2023 | +2.73% | +3.65% | View data |
| 10 | 10 Luxembourg | 0.79 | 2023 | +3.36% | +3.11% | View data |
