In 2024, Germany leads in labor costs for high R&D activities with €64.09 billion, followed by France at €48.19 billion. Italy stands at €20.06 billion, while Slovenia, Greece, and Slovakia trail with less than €1 billion each. Variations from 2023 show Germany, France, Italy, Slovenia, and Slovakia experiencing growth, while Greece shows a decline. Germany increased by 2.82%, France by 1.47%, and Italy by 1.35%. The compounded annual growth rate (CAGR) over the last five years indicates ongoing trends and is crucial for analyzing future shifts.
Future trends to watch include increasing labor costs in R&D activities, especially in Germany and France, while Italy's growth is moderate. Eastern European countries like Slovenia and Slovakia are seeing growth but remain behind Western Europe. Monitoring economic policies and investments in technology and education will be pivotal in understanding these emerging trends.
Top countries in Labour Costs in High (3-Digit Definition) R&D Intensive Activities by Country
| # | 6 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 64,090 | 2023 | +2.09% | +2.82% | View data |
| 2 | 2 France | 48,190 | 2023 | +1.32% | +1.47% | View data |
| 3 | 3 Italy | 20,060 | 2023 | +1.07% | +1.35% | View data |
| 4 | 4 Slovenia | 932.06 | 2023 | +1.94% | +1.48% | View data |
| 5 | 5 Greece | 893.62 | 2023 | -0.23% | -0.8% | View data |
| 6 | 6 Slovakia | 533.58 | 2023 | +1.57% | +1.83% | View data |
