Germany leads in European international travel expenditure with €87.74 billion, despite a modest 1.63% growth last year. The UK (€68.5 billion) and France (€49.31 billion) follow, with growth rates of 2.92% and 3.27% respectively. Spain, showing strong momentum, grew by 7.47% to €32.16 billion. Italy and the Netherlands recorded moderate growth rates at 3.56% and 2.51%, while Sweden experienced significant growth at 5.14%. Smaller markets like Latvia and Iceland grew minimally, at 0.89% and 0.91%. Belgium experienced a slight contraction at -0.17%.
Looking forward, watch for potentially robust growth in Spain and Portugal, while Germany's mature market may see slower expansion. Economic conditions and currency fluctuations will influence expenditure trends across Europe.
Top countries in International Travel Expenditure by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 87,740 | 2023 | +15.71% | +1.63% | View data |
| 2 | 2 United Kingdom | 68,500 | 2023 | +19.63% | +2.92% | View data |
| 3 | 3 France | 49,310 | 2023 | +14.76% | +3.27% | View data |
| 4 | 4 Spain | 32,160 | 2023 | +25.39% | +7.47% | View data |
| 5 | 5 Italy | 30,360 | 2023 | +18.97% | +3.56% | View data |
| 6 | 6 Netherlands | 21,830 | 2023 | +17.76% | +2.51% | View data |
| 7 | 7 Sweden | 17,100 | 2023 | +17.2% | +5.14% | View data |
| 8 | 8 Norway | 16,070 | 2023 | +21.73% | +2.12% | View data |
| 9 | 9 Belgium | 15,530 | 2023 | +7.34% | -0.17% | View data |
| 10 | 10 Austria | 11,680 | 2023 | +18.46% | +3.12% | View data |
