In 2023, Germany led the European construction wage sector with 13.07 billion Euros, followed by Spain and the United Kingdom. Germany experienced a 5.7% increase, whereas the UK saw a slight decline. Notable year-on-year growth was observed in Hungary (15.06%) and Malta (19.27%), while Italy faced a 4.12% decrease. Croatia, Romania, and Lithuania also saw significant growth. Countries like Bulgaria and Greece showed moderate growth around 4%-6%.
Future trends indicate continued growth in Eastern European countries, driven by rising investments and infrastructure projects. Fluctuations in the labor market and economic conditions may influence Western European countries, emphasizing the need for strategic adaptation.
Top countries in Wages and Salaries in Construction of Residential and Non-residential Buildings by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13,070 | 2023 | +4.46% | +5.7% | View data |
| 2 | 2 Spain | 12,090 | 2023 | +11.68% | +8.19% | View data |
| 3 | 3 United Kingdom | 10,480 | 2023 | +0.53% | -0.022% | View data |
| 4 | 4 France | 7,710 | 2023 | +9.39% | +3.48% | View data |
| 5 | 5 Sweden | 4,490 | 2023 | +2.93% | +2.16% | View data |
| 6 | 6 Norway | 4,270 | 2023 | +2.5% | +2.08% | View data |
| 7 | 7 Netherlands | 4,230 | 2023 | +0.98% | +2.87% | View data |
| 8 | 8 Italy | 4,080 | 2023 | -4.61% | -4.12% | View data |
| 9 | 9 Austria | 3,690 | 2023 | +3.37% | +4.12% | View data |
| 10 | 10 Finland | 2,750 | 2023 | +2.33% | +1.63% | View data |
