In 2023, Spain led in European labor costs for fishing and aquaculture at 48.52 million euros, showing modest growth over the past two years with a 0.34% year-on-year increase. Italy followed at 22.72 million euros with slight growth at 0.024%. Noticeable growth was observed in Greece, displaying a 3.77% increase. Ireland also experienced significant growth of 5.29%, accompanied by similar upward trends in Austria (3.68%) and Finland (1.61%).
Future trends to watch include shifts due to technological advancements, sustainability concerns, and potential EU regulations impacting labor costs. Countries with stable or growing costs may anticipate competitiveness challenges or opportunities in regional markets.
Top countries in Labour Costs in Fishing and Aquaculture Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 48.52 | 2023 | +0.39% | +0.34% | View data |
| 2 | 2 Italy | 22.72 | 2023 | -0.14% | +0.024% | View data |
| 3 | 3 Greece | 8.5 | 2023 | +2.89% | +3.77% | View data |
| 4 | 4 Netherlands | 5.75 | 2023 | +1.11% | +0.45% | View data |
| 5 | 5 Germany | 5.5 | 2023 | +1.16% | +0.7% | View data |
| 6 | 6 Ireland | 4.11 | 2023 | +4.12% | +5.29% | View data |
| 7 | 7 Belgium | 1.78 | 2023 | -0.35% | 0% | View data |
| 8 | 8 Finland | 1.64 | 2023 | 0% | +1.61% | View data |
| 9 | 9 Estonia | 0.73 | 2023 | +1.77% | +1.64% | View data |
| 10 | 10 Austria | 0.58 | 2023 | +4.39% | +3.68% | View data |
