The 2023 data shows Germany leading in European value added for residential care and social work activities, capturing a significant share compared to others, with a value increase by 3.3% year-on-year. France and the Netherlands follow, both with a 1.94% rise. Countries like Spain and Italy show moderate growth, around 2.14% and 2.23% respectively, while Slovakia experienced the highest growth rate at 4.56%. Notably, Greece experienced a decline of 2.2%. Luxembourg, Ireland, and Estonia demonstrated notable growth rates. Over the past five years, trends reflect consistent investment across most countries, supporting a steady CAGR in this sector.
Looking ahead, trends to watch include increased demand-driven pressures, potentially fueled by aging populations and rising healthcare standards. Policies facilitating cross-border collaboration in care services, advances in digital health technologies, and shifts towards sustainable practices may influence value distribution across Europe. Countries with slower growth such as Greece may need strategic interventions to sustain future competitiveness.
Top countries in Value Added of Residential Care and Social Work Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.31 | 2023 | +2.8% | +3.3% | View data |
| 2 | 2 France | 29.08 | 2023 | +1.78% | +1.94% | View data |
| 3 | 3 Netherlands | 12.29 | 2023 | +1.95% | +1.94% | View data |
| 4 | 4 Spain | 6.85 | 2023 | +2.16% | +2.14% | View data |
| 5 | 5 Italy | 6.21 | 2023 | +2.03% | +2.23% | View data |
| 6 | 6 Belgium | 4.46 | 2023 | +2.33% | +2.54% | View data |
| 7 | 7 Finland | 3.79 | 2023 | +2.08% | +2.27% | View data |
| 8 | 8 Austria | 2.61 | 2023 | +2.67% | +2.88% | View data |
| 9 | 9 Ireland | 2.01 | 2023 | +2.9% | +3.87% | View data |
| 10 | 10 Luxembourg | 0.69 | 2023 | +3.24% | +2.99% | View data |
