In 2023, Germany led European labour costs in Electricity, Gas, and Water Supply; Sewerage, Waste Management, and Remediation Activities with 37.55 billion euros, followed by France at 21.0 billion euros, and Spain at 10.48 billion euros. Over the past year, substantial growth was noted in Slovakia (2.56%), Latvia (2.53%), and Germany (2.26%). Over the last five years, countries displayed moderate compound annual growth rates, with the highest trends in rapidly advancing economies like Latvia and Estonia. Noteworthy is the low labour cost environments like Luxembourg, Latvia, and Estonia experiencing accelerating costs.
Future trends to watch include technological advancements and regulatory changes impacting operational efficiencies, potentially driving further cost variations. Additionally, the transition to renewable energy sources and improving sustainability in waste management could affect labour allocations and costs. Watch for geopolitical shifts influencing labour market dynamics and inflation rates across the continent.
Top countries in Labour Costs in Electricity, Gas and Water Supply; Sewerage, Waste Management and Remediation Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 37,550 | 2023 | +1.82% | +2.26% | View data |
| 2 | 2 France | 21,000 | 2023 | +1.18% | +0.89% | View data |
| 3 | 3 Spain | 10,480 | 2023 | +1.65% | +1.76% | View data |
| 4 | 4 Belgium | 4,430 | 2023 | +1.25% | +1.28% | View data |
| 5 | 5 Netherlands | 4,410 | 2023 | +1.35% | +1.2% | View data |
| 6 | 6 Austria | 3,870 | 2023 | +1.48% | +1.45% | View data |
| 7 | 7 Greece | 2,230 | 2023 | +0.93% | +0.82% | View data |
| 8 | 8 Finland | 1,540 | 2023 | +1.32% | +1.34% | View data |
| 9 | 9 Ireland | 1,410 | 2023 | +1.74% | +2.31% | View data |
| 10 | 10 Portugal | 1,340 | 2023 | +1.14% | +1.1% | View data |
