In 2023, Spain led European countries in Warehousing and Support Activities for Transportation Gross Value Added (GVA) with a substantial 21.44 billion euros. Slovakia and Ireland followed with 2.28 and 1.62 billion euros respectively. Croatia and Latvia contributed significantly less, with values of 1.09 and 0.83761 billion euros. Year-on-year growth showed Croatia experiencing the highest growth at 11.2%, followed by Slovakia at 6.42%, and Ireland at 3.6%. Spain grew modestly at 1.54%, while Latvia faced a decline of 2.79%. Observing the past five-year CAGR could help identify deeper trends.
Future trends to watch in the European Warehousing and Support Activities for Transportation sector include advancements in logistics technology, increased investments in green infrastructure, and shifts in trade routes due to geopolitical influences. Monitoring these factors can provide insights into potential GVA growth or volatility across countries.
Top countries in Warehousing and Support Activities for Transportation Gross Value Added by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 21,440 | 2023 | +7.76% | +1.54% | View data |
| 2 | 2 Slovakia | 2,280 | 2023 | -2.95% | +6.42% | View data |
| 3 | 3 Ireland | 1,620 | 2023 | +1.9% | +3.6% | View data |
| 4 | 4 Croatia | 1,090 | 2023 | +2.28% | +11.2% | View data |
| 5 | 5 Latvia | 837.61 | 2023 | +4.93% | -2.79% | View data |
