In 2023, Kosovo exhibited the highest expenditure on personal transport equipment at 12% of GDP, with significant growth of 7.14%. Slovenia followed with 3.3%, showing a 4.88% increase. Portugal, Montenegro, and Cyprus saw declines, while Germany experienced no variation. Other countries like Greece and Switzerland posted moderate gains, whereas Ireland, Bosnia and Herzegovina, and France faced larger contractions. This varied landscape illustrates diverse economic dynamics across Europe.
Future trends to watch include advancements in sustainable personal transport, shifts in consumer preferences towards electric vehicles, and potential regulatory impacts on spending patterns in various European countries. Monitoring technological innovations and environmental policies will be crucial in assessing expenditure trends.
Top countries in Personal Transport Equipment Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kosovo | 12 | 2023 | +20% | +7.14% | View data |
| 2 | 2 Slovenia | 3.3 | 2023 | 0% | +4.88% | View data |
| 3 | 3 Portugal | 2.6 | 2023 | 0% | -5.22% | View data |
| 4 | 4 Montenegro | 2.5 | 2023 | 0% | -3.58% | View data |
| 5 | 5 United Kingdom | 2.5 | 2023 | 0% | +1.68% | View data |
| 6 | 6 Greece | 2.4 | 2023 | -4% | +3.71% | View data |
| 7 | 7 Poland | 2.3 | 2023 | +4.55% | +1.84% | View data |
| 8 | 8 Germany | 2.3 | 2023 | -4.17% | 0% | View data |
| 9 | 9 Lithuania | 2.2 | 2023 | +4.76% | +1.92% | View data |
| 10 | 10 Norway | 2.2 | 2023 | +4.76% | 0% | View data |
