The current landscape of European metal manufacturing wages and salaries highlights Germany as the leader with significantly higher values compared to other countries. Austria and Poland showcase strong growth with notable year-on-year increases of 2.51% and 9.24% respectively. In contrast, Sweden and Slovenia have experienced declines, with year-on-year decreases of 6.73% and 14.19%. Lithuania stands out with an 18.98% increase in 2023, indicating rapid growth in the sector.
Looking ahead, trends to monitor include the upward trajectory in Eastern European countries like Poland, Lithuania, and Romania, potentially narrowing the wage gap. Western European countries may face wage stagnation or gradual increases, influenced by economic conditions and labor market dynamics. The ongoing economic environment will further shape these trends, emphasizing the need for adaptability in wage strategies across the region.
Top countries in Metal Manufacturing Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,240 | 2023 | +5.75% | +1.49% | View data |
| 2 | 2 France | 1,650 | 2023 | +1.1% | +1.21% | View data |
| 3 | 3 Italy | 1,420 | 2023 | +1.52% | +1.01% | View data |
| 4 | 4 Spain | 831.9 | 2023 | +0.18% | -1.18% | View data |
| 5 | 5 United Kingdom | 523.3 | 2023 | -0.98% | -0.97% | View data |
| 6 | 6 Austria | 350.3 | 2023 | +3% | +2.51% | View data |
| 7 | 7 Netherlands | 329.2 | 2023 | +0.8% | +0.34% | View data |
| 8 | 8 Poland | 181.2 | 2023 | +12.9% | +9.24% | View data |
| 9 | 9 Switzerland | 177.2 | 2023 | -0.95% | -2.38% | View data |
| 10 | 10 Czech Republic | 108.3 | 2023 | +4.64% | +1.17% | View data |
