The 2024 European ICT wages and salaries reveal Germany leading with €88.35 billion, followed by the Netherlands and Finland at €17.45 billion and €7.63 billion, respectively. From 2023 to 2024, Germany's ICT salaries rose by 4.98%, while Slovenia and Cyprus showed higher increases of 7.7% and 8.4%. Slovakia and Austria also presented significant growth at 5.53% and 5.33%. Over a five-year period, compound annual growth rates (CAGR) indicate stable growth, highlighting robust developments in the region's ICT sector.
Future trends to watch include digital transformation advancements, which are likely to continue driving wage growth. Emphasis on tech skills and expansion in cloud computing and AI is expected to influence salary increments particularly in tech-focused countries such as Germany and the Netherlands. Economic conditions, regulatory changes, and demand for ICT skills will play crucial roles in shaping wage landscapes across Europe.
Top countries in Wages and Salaries in ICT by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 88,350 | 2023 | +3.63% | +4.98% | View data |
| 2 | 2 Netherlands | 17,450 | 2023 | +2.08% | +2.79% | View data |
| 3 | 3 Finland | 7,630 | 2023 | +6.2% | +6.45% | View data |
| 4 | 4 Austria | 7,610 | 2023 | +3.87% | +5.33% | View data |
| 5 | 5 Greece | 2,190 | 2023 | +0.54% | +1% | View data |
| 6 | 6 Slovakia | 1,740 | 2023 | +3.94% | +5.53% | View data |
| 7 | 7 Slovenia | 1,080 | 2023 | +6.39% | +7.7% | View data |
| 8 | 8 Cyprus | 579.05 | 2023 | +6.33% | +8.4% | View data |
