In 2023, Germany led with 113.75 million hours worked, followed by Italy and Spain. Germany's hours slightly dropped by 0.7%, while Italy and Spain saw decreases of 1.9% and an increase of 2.67%, respectively. The UK experienced a minor decline, with Poland and Belgium showing significant reductions, at -4.74% and -4.07%. Notably, Romania and Bulgaria faced steep declines. Over the past five years, the compound annual growth rate (CAGR) for most countries indicates a contracting trend in hours worked, with minor exceptions like Austria.
Future trends to watch include technological advancements potentially impacting labor demands, shifts in green energy policies affecting production, and potential economic fluctuations in Europe which may alter workforce demands in this sector.
Top countries in Basic Iron, Steel and Ferro-Alloys Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 113,750,000 | 2023 | +0.58% | -0.7% | View data |
| 2 | 2 Italy | 65,563,000 | 2023 | +2.17% | -1.9% | View data |
| 3 | 3 Spain | 41,601,000 | 2023 | +6.52% | +2.67% | View data |
| 4 | 4 United Kingdom | 40,964,000 | 2023 | -0.8% | -0.99% | View data |
| 5 | 5 Poland | 36,206,000 | 2023 | -0.84% | -4.74% | View data |
| 6 | 6 Austria | 35,562,000 | 2023 | +1.67% | +0.3% | View data |
| 7 | 7 Czech Republic | 24,830,000 | 2023 | -2.41% | -2.71% | View data |
| 8 | 8 Sweden | 18,845,000 | 2023 | +0.96% | -2.77% | View data |
| 9 | 9 Belgium | 14,490,000 | 2023 | -4.77% | -4.07% | View data |
| 10 | 10 Finland | 10,887,000 | 2023 | -1.94% | -2.04% | View data |
