The 2023 data on European Labor Costs in Activities Auxiliary to Financial Service and Insurance Activities indicates that Germany leads with €16.82 billion, followed by France at €16.1 billion. Italy, Netherlands, and Ireland show moderate values, while countries like Greece and Slovakia exhibit much smaller figures. Germany and Ireland registered the highest year-on-year increases, with variations of 3.27% and 3.49% respectively, while Greece experienced a decline. Over the last five years, the compound annual growth rate trends across these nations indicate modest yet steady increases, with certain economies showing more resilience than others.
Future trends to watch include:
- Germany and Ireland potentially continuing their strong growth trajectories due to robust financial services sectors and supportive regulatory environments.
- Potential structural changes in Greece owing to consistent year-on-year declines hinting at ongoing economic challenges.
- Technological advancements and regulatory updates impacting labor efficiencies and cost structures in this sector across Europe.
Top countries in Labour Costs in Activities Auxiliary to Financial Service and Insurance Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,820 | 2023 | +2.68% | +3.27% | View data |
| 2 | 2 France | 16,100 | 2023 | +2.94% | +2.88% | View data |
| 3 | 3 Italy | 6,470 | 2023 | +1.69% | +2.01% | View data |
| 4 | 4 Netherlands | 3,660 | 2023 | +1.75% | +1.88% | View data |
| 5 | 5 Ireland | 2,950 | 2023 | +3.71% | +3.49% | View data |
| 6 | 6 Belgium | 2,380 | 2023 | +2.32% | +3.16% | View data |
| 7 | 7 Spain | 1,990 | 2023 | +2.31% | +2.41% | View data |
| 8 | 8 Luxembourg | 1,670 | 2023 | +3.07% | +2.98% | View data |
| 9 | 9 Finland | 762 | 2023 | +2.56% | +2.61% | View data |
| 10 | 10 Austria | 757.68 | 2023 | +1.94% | +1.98% | View data |
