The 2023 nominal expenditure on European consumer services shows significant variation by country, with the UK and Germany leading in spending. While several countries like Switzerland, Ireland, and Poland showed strong growth in their expenditure with year-on-year increases of 3.6%, 4.72%, and 3.18% respectively, Italy experienced a slight decline. Emerging markets like Romania, Hungary, and Bulgaria demonstrated the fastest growth, indicating early-stage service market development. The recent trends, evaluated over five years suggest steady growth in Northern and Eastern Europe, contrasting with moderate growth in Southern European countries.
Future trends to monitor include the impact of digital transformation in driving service demand and the role of economic recovery in Southern and Eastern Europe. Changes in consumer preferences, focus on sustainable services, and political shifts could substantially influence expenditure levels across the region.
Top countries in Consumer Services Nominal Expenditure by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 1,182,800 | 2023 | +5.13% | +2.77% | View data |
| 2 | 2 Germany | 1,162,700 | 2023 | -1.85% | +2.09% | View data |
| 3 | 3 France | 897,510 | 2023 | -1.24% | +1.77% | View data |
| 4 | 4 Italy | 647,680 | 2023 | -5.48% | -0.55% | View data |
| 5 | 5 Spain | 514,140 | 2023 | +2.56% | +1.31% | View data |
| 6 | 6 Netherlands | 262,110 | 2023 | -2.93% | +2.25% | View data |
| 7 | 7 Switzerland | 252,200 | 2023 | +2.37% | +3.6% | View data |
| 8 | 8 Belgium | 170,140 | 2023 | -3.58% | +2.38% | View data |
| 9 | 9 Sweden | 156,570 | 2023 | +1.44% | +3.01% | View data |
| 10 | 10 Poland | 147,820 | 2023 | -4.55% | +3.18% | View data |
