European Household Expenditure on Domestic Consumption (Non-Residents) Share by Country (Million Euros)

In 2023, France led European household expenditure on domestic consumption by non-residents with 24.55 million euros, experiencing a slight decline of 3.18% from the previous year. Italy and Germany followed with 18.35 and 12.5 million euros respectively, also seeing reductions. Austria and Portugal rounded out the top five, both experiencing minor declines. Croatia and Luxembourg saw increases in spending, with Croatia experiencing a 2.34% rise, while Finland experienced the largest drop. Over the past five years, some countries have shown resilience, while others faced consistent declines, indicating varied economic environments across Europe.

Looking ahead, countries exhibiting growth, like Croatia and Luxembourg, may continue to attract more non-resident consumer spending. The movement towards digital and experience-based consumption could further influence these trends, with nations boasting robust tourism sectors potentially benefiting more. Policymakers and market analysts should monitor consumer behavior shifts and macroeconomic factors to better understand the evolving landscape of household expenditure by non-residents in Europe.