The wages and salaries in the agricultural products and livestock sector in Germany are projected to grow steadily from 2024 to 2028, from €6.17 billion to €6.28 billion. These forecasts indicate a consistent but modest annual growth rate. Compared to the actual value for 2023, which was slightly below €6.17 billion, there is a small positive year-on-year growth, reflecting stability in the sector. Over the five years leading to 2028, the compound annual growth rate (CAGR) is approximately 0.44%.
Future trends to watch for:
- Technological advancements in agriculture that may impact wage structures.
- Policy changes related to agriculture subsidies and labor regulations.
- Economic pressures like inflation and currency fluctuations affecting real wage growth.