The analysis of European tobacco nominal expenditure reveals diverse trends across different countries. Kosovo leads with the highest percentage of GDP spent on tobacco, showcasing significant growth in 2023. Notable growth is also observed in Montenegro, Denmark, Albania, and Romania. Conversely, countries like Bosnia and Herzegovina, Macedonia, Malta, Iceland, and Sweden experience a decline. Over the last two years, the overall trend shows modest variation, with key countries experiencing either positive increments or stabilization.
Future trends to watch for include potential changes in consumer behavior due to health awareness campaigns, regulatory policies impacting tobacco taxation, and economic factors influencing disposable income across Europe. Monitoring these dynamics will be essential for understanding shifts in tobacco expenditure.
Top countries in Tobacco Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kosovo | 10 | 2023 | +20.48% | +10.76% | View data |
| 2 | 2 Bosnia and Herzegovina | 4.8 | 2023 | 0% | -0.81% | View data |
| 3 | 3 Serbia | 3.7 | 2023 | +2.78% | +1.71% | View data |
| 4 | 4 Croatia | 2.6 | 2023 | 0% | +1.61% | View data |
| 5 | 5 Greece | 2.2 | 2023 | 0% | 0% | View data |
| 6 | 6 Romania | 2.2 | 2023 | -8.33% | +7.96% | View data |
| 7 | 7 Montenegro | 2.2 | 2023 | -8.33% | +11.1% | View data |
| 8 | 8 Hungary | 2.1 | 2023 | 0% | +3.13% | View data |
| 9 | 9 Czech Republic | 2 | 2023 | 0% | 0% | View data |
| 10 | 10 Bulgaria | 2 | 2023 | 0% | -0.97% | View data |
