5 Countries With The Highest Labor Shortages In Europe

2. Germany

Skilled Labor Shortage: 82%

Ageing Population: 22%

Even amidst Germany’s economic stagnation, half of its companies are grappling with labor shortages, according to the DIHK Chamber of Commerce and Industry. The shortage of skilled labor persists as a critical issue, with 50% of surveyed firms reporting difficulty in filling vacancies, though there has been a slight decrease since January. Around 1.8 million positions remain unfilled, with a potential loss of over 90 billion euros in added value, which is more than 2% of the GDP. Industries such as construction and manufacturing are particularly affected, with 54% and 53% of companies respectively facing labor challenges.

Germany is one of the highest paying countries for data scientists.