The 2023 data shows Germany leading European labour costs in electricity, gas, steam, and air conditioning supply with €22.57 billion, while Estonia is at the bottom with €0.1582 billion. Year-on-year variations indicate Germany's increase by 2.03%, while Latvia and Luxembourg grew by 2.43% and 2.61%, respectively, suggesting robust labor cost growth in these regions. Notably, Spain and Greece experienced declines, with decreases of 0.15% and 0.025%, respectively. Lithuania saw the most significant decline of 0.43%. Over the last two years, Latvia, Luxembourg, and Estonia reflect the highest growth trends, emphasizing regional disparities.
Future trends to watch include the impact of policy changes on energy transition, affecting labor costs directly, as well as technological advancements expected to further differentiate cost structures across countries. Monitoring these factors will be crucial to understanding labor cost dynamics in the electricity and gas sectors.
Top countries in Labour Costs in Electricity, Gas, Steam and Air Conditioning Supply by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22,570 | 2023 | +1.63% | +2.03% | View data |
| 2 | 2 France | 13,110 | 2023 | +1.17% | +0.75% | View data |
| 3 | 3 Italy | 5,250 | 2023 | +0.087% | +0.068% | View data |
| 4 | 4 Spain | 2,620 | 2023 | -0.19% | -0.15% | View data |
| 5 | 5 Austria | 2,450 | 2023 | +1.04% | +1.03% | View data |
| 6 | 6 Netherlands | 2,200 | 2023 | +1.06% | +0.93% | View data |
| 7 | 7 Belgium | 2,010 | 2023 | +0.23% | +0.37% | View data |
| 8 | 8 Greece | 1,230 | 2023 | +1.05% | -0.025% | View data |
| 9 | 9 Ireland | 977.3 | 2023 | +1.7% | +1.93% | View data |
| 10 | 10 Finland | 850 | 2023 | +0.71% | +0.67% | View data |
