In 2023, Germany dominated the European labour costs in ICT and Information Services with a substantial share of €36.6 million, followed by France at €23.8 million. Italy, Spain, and the Netherlands followed with values of €9.76 million, €7.67 million, and €7.52 million, respectively. Smaller economies like Lithuania, Estonia, and Slovenia had values under €1 million. Analyzed year-on-year, the most significant growth was observed in Ireland (6.24%) and Slovakia (5.12%), while Germany's larger base grew by 4.8%.
Future trends in European labour costs in ICT and Information Services suggest a continued rise, driven by digital transformation and increased demand for tech talent. The growth rate might accelerate in Eastern Europe as these regions become more integrated into the European tech market. Watch for strategies that countries may adopt to become more competitive in the digital sector and to retain talent, which could impact costs and industry dynamics significantly.
Top countries in Labour Costs in ICT and Information Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.6 | 2023 | +3.53% | +4.8% | View data |
| 2 | 2 France | 23.8 | 2023 | +2.69% | +3.13% | View data |
| 3 | 3 Italy | 9.76 | 2023 | +2.4% | +2.66% | View data |
| 4 | 4 Spain | 7.67 | 2023 | +2.94% | +2.64% | View data |
| 5 | 5 Netherlands | 7.52 | 2023 | +2.68% | +2.5% | View data |
| 6 | 6 Belgium | 3.39 | 2023 | +3.08% | +4% | View data |
| 7 | 7 Ireland | 3.38 | 2023 | +4.29% | +6.24% | View data |
| 8 | 8 Austria | 2.63 | 2023 | +3.09% | +2.96% | View data |
| 9 | 9 Finland | 2.45 | 2023 | +2.9% | +2.79% | View data |
| 10 | 10 Slovakia | 0.67 | 2023 | +3.86% | +5.12% | View data |
