In 2023, Germany led European countries in labor costs for high- and medium-high R&D intensive activities at €374.31 billion. Other significant contributors included France (€133.05 billion) and Italy (€91.79 billion). Smaller economies like Estonia (€1.44 billion) showed the fastest growth with 3.42% annually. Growth rates varied: Slovakia experienced a notable 4.03% increase, while Germany saw a smaller 2.7% rise. There's a regional disparity with Western Europe dominating the sector.
Projected trends suggest Western Europe may continue to dominate due to their established R&D infrastructure. Eastern European countries might show higher percentage growth but will remain smaller players. Monitoring the global economic environment and technological advancements will be key for future strategic planning.
Top countries in Labour Costs in High- and Medium-High (2-Digit Definition) R&D Intensive Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 374,310 | 2023 | +2.26% | +2.7% | View data |
| 2 | 2 France | 133,050 | 2023 | +1.64% | +1.79% | View data |
| 3 | 3 Italy | 91,790 | 2023 | +1.47% | +1.64% | View data |
| 4 | 4 Spain | 44,950 | 2023 | +1.37% | +1.14% | View data |
| 5 | 5 Netherlands | 37,850 | 2023 | +2% | +1.89% | View data |
| 6 | 6 Austria | 24,260 | 2023 | +2.36% | +2.21% | View data |
| 7 | 7 Belgium | 22,660 | 2023 | +1.48% | +1.79% | View data |
| 8 | 8 Finland | 14,440 | 2023 | +1.43% | +1.35% | View data |
| 9 | 9 Slovakia | 6,760 | 2023 | +3.59% | +4.03% | View data |
| 10 | 10 Slovenia | 3,500 | 2023 | +2.45% | +2.16% | View data |
