In 2023, Germany led in the European Value Added of Wholesale, Retail Trade and Repair of Motor Vehicles and Motorcycles, contributing €54.53 billion. Italy and Spain followed, each with €19.88 billion. Notably, Germany and Slovakia displayed robust year-on-year growth, at 2.79% and 5.23% respectively. Over the past five years, Germany showed consistent expansion while Slovakia saw the highest average annual growth at an impressive 5.23% CAGR.
Future trends to monitor include:
- The impact of digital transformation and e-commerce on traditional retail.
- Shifts toward electric vehicles and their effect on service infrastructure.
- Economic policies and regulations influencing trade dynamics across European countries.
Top countries in Value Added of Wholesale, Retail Trade and Repair of Motor Vehicles and Motorcycles by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 54,530 | 2023 | +1.59% | +2.79% | View data |
| 2 | 2 Italy | 19,880 | 2023 | +1.19% | +1.97% | View data |
| 3 | 3 Spain | 19,880 | 2023 | +1.93% | +1.89% | View data |
| 4 | 4 Netherlands | 9,610 | 2023 | +1.5% | +1.3% | View data |
| 5 | 5 Belgium | 7,550 | 2023 | +1.78% | +1.75% | View data |
| 6 | 6 Austria | 5,720 | 2023 | +1.88% | +1.96% | View data |
| 7 | 7 Finland | 3,600 | 2023 | +1.87% | +1.88% | View data |
| 8 | 8 Greece | 2,000 | 2023 | +0.27% | +1.79% | View data |
| 9 | 9 Ireland | 1,740 | 2023 | +1.69% | +1.47% | View data |
| 10 | 10 Slovakia | 1,190 | 2023 | +2.92% | +5.23% | View data |
