In 2023, the Gross Value Added in European retail (excluding motor vehicles and motorcycles) showed varied growth across countries. Spain, with 61.24 billion euros, exhibited an increase of 1.38%. The Netherlands at 30.74 billion euros grew by 2.86%, and Austria at 16.12 billion saw a 1.76% rise. Greece added 1.62% reaching 7.64 billion euros, while Slovakia and Croatia recorded notable increases of 7.54% and 8.32%, respectively. Slovenia's growth was 3.54%, Cyprus 2.12%, and Malta grew by 3.15%.
Looking ahead, expect technological integration to continue shaping the retail sector, with digital transformation and e-commerce expansion remaining key factors. Sustainability and supply chain resilience will further influence growth amid economic and geopolitical shifts.
Top countries in Retail (Except of Motor Vehicles and Motorcycles) Gross Value Added by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 61,240 | 2023 | +1.83% | +1.38% | View data |
| 2 | 2 Netherlands | 30,740 | 2023 | -1.7% | +2.86% | View data |
| 3 | 3 Austria | 16,120 | 2023 | -2.97% | +1.76% | View data |
| 4 | 4 Greece | 7,640 | 2023 | -0.06% | +1.62% | View data |
| 5 | 5 Slovakia | 5,530 | 2023 | -0.11% | +7.54% | View data |
| 6 | 6 Croatia | 3,530 | 2023 | +6.42% | +8.32% | View data |
| 7 | 7 Slovenia | 2,360 | 2023 | +2.5% | +3.54% | View data |
| 8 | 8 Cyprus | 1,170 | 2023 | +2.03% | +2.12% | View data |
| 9 | 9 Malta | 597.12 | 2023 | +2.69% | +3.15% | View data |
