Poland leads with an anticipated wage and salary expenditure of €127.8 million in 2023, marking an 8.42% increase year-on-year. Germany follows at €97.8 million with a modest growth of 1.1%, while France and the United Kingdom experience slight declines of -0.96% and -0.77%, respectively. Notable positive growth is seen in Hungary (31.31%), Serbia (17.76%), and Lithuania (9.21%). Contrarily, Ireland (-13.99%) and Sweden (-6.89%) exhibit significant decreases. Over the last five years, the Compound Annual Growth Rate (CAGR) details the average annual growth rate for thorough trend analysis.
In the coming years, watch for continued growth in Eastern European countries due to competitive labor costs and increasing industrial activity, whereas Western Europe may face slower growth or declines as economic challenges and labor market changes take hold. Monitoring these shifts will be critical for strategic planning in the European workwear market.
Top countries in Workwear Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 127.8 | 2023 | +4.75% | +8.42% | View data |
| 2 | 2 Germany | 97.8 | 2023 | +2.19% | +1.1% | View data |
| 3 | 3 France | 80.6 | 2023 | +1.64% | -0.96% | View data |
| 4 | 4 United Kingdom | 55.9 | 2023 | -0.89% | -0.77% | View data |
| 5 | 5 Italy | 52.5 | 2023 | +1.16% | +1.6% | View data |
| 6 | 6 Romania | 52.4 | 2023 | +13.17% | +7.21% | View data |
| 7 | 7 Spain | 49.7 | 2023 | +3.97% | +7.45% | View data |
| 8 | 8 Hungary | 48.8 | 2023 | +15.09% | +31.31% | View data |
| 9 | 9 Czech Republic | 26.6 | 2023 | +1.92% | +1.46% | View data |
| 10 | 10 Bulgaria | 21.8 | 2023 | +4.31% | +3.01% | View data |
