The European wages and salaries in healthcare and social work activities reveal notable disparities. In 2023, the Netherlands stood highest at 43.03 billion euros, followed by Belgium at 22.22 billion euros. Luxembourg, despite a hefty 5.67% year-on-year increase, remained low at 2.86 billion euros. Slovakia, Lithuania, and Slovenia, with significant growth rates of 9.9%, 19.87%, and 11.84% respectively, indicate rapid increases in wages and salaries from lower bases. Cyprus experienced notable growth as well at 12.12% year-on-year.
Future trends to watch for:
- Expect continued divergence between Western European high-value wages and Eastern European rapid growth.
- Divergent economic policies, labor shortages, and healthcare demands may further influence wage adjustments.
- Economic conditions post-2024, including inflation and government spending, will critically impact these values.
Top countries in Wages and Salaries in Healthcare and Social Work Activities by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 43,030 | 2023 | +1.46% | +2.11% | View data |
| 2 | 2 Belgium | 22,220 | 2023 | +2.64% | +3.04% | View data |
| 3 | 3 Finland | 15,680 | 2023 | +2.02% | +3.54% | View data |
| 4 | 4 Luxembourg | 2,860 | 2023 | +4.79% | +5.67% | View data |
| 5 | 5 Slovakia | 2,830 | 2023 | +8.04% | +9.9% | View data |
| 6 | 6 Lithuania | 2,820 | 2023 | +11.63% | +19.87% | View data |
| 7 | 7 Slovenia | 2,570 | 2023 | +9.71% | +11.84% | View data |
| 8 | 8 Cyprus | 669.65 | 2023 | +10% | +12.12% | View data |
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