Germany leads Europe in electronic components hours worked, standing at 120.91 million hours in 2023, followed by Hungary with substantial growth at 18.64% YoY. Italy and the UK experienced slight declines, while Austria and Greece saw notable increases. The Netherlands and Slovakia reported significant reductions in hours worked. Consistent trends in volume express Europe's varied economic activities within the electronic components sector, with varying impacts across nations.
Future trends to watch include technological advancements and automation, potentially reshaping hours worked. Additionally, economic policies and supply chain dynamics within European and global markets could further influence this sector's labor needs.
Top countries in Electronic Components Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 120,910,000 | 2023 | +1.25% | +0.51% | View data |
| 2 | 2 Hungary | 41,623,000 | 2023 | +14.28% | +18.64% | View data |
| 3 | 3 Italy | 33,323,000 | 2023 | -3.55% | -2.87% | View data |
| 4 | 4 United Kingdom | 23,571,000 | 2023 | -2.12% | -2.86% | View data |
| 5 | 5 Poland | 21,896,000 | 2023 | -1.44% | -0.67% | View data |
| 6 | 6 Austria | 17,562,000 | 2023 | +6.1% | +7.5% | View data |
| 7 | 7 Czech Republic | 12,459,000 | 2023 | +6.29% | +3.46% | View data |
| 8 | 8 Spain | 10,616,000 | 2023 | +0.6% | +3.66% | View data |
| 9 | 9 Netherlands | 7,513,900 | 2023 | -2.39% | -4.42% | View data |
| 10 | 10 Slovakia | 3,840,000 | 2023 | -8.6% | -9.77% | View data |
