In 2023, Germany led Europe in manufacturing output with a dominant share, followed by France and Spain. Notably, Belgium and Ireland showed significant year-on-year growth, exceeding 5%. Smaller economies like Lithuania and Latvia experienced double-digit increases in output.
Over the past five years, the compounded annual growth rate indicates a trend of consistent expansion in manufacturing across Europe, though individual countries vary significantly in performance.
Looking ahead to 2024, potential trends include:
- Further growth from emerging markets like Lithuania and Latvia.
- Potential economic shifts impacting larger players like Germany and France.
- Technological advancements and supply chain restructuring reshaping regional output shares.
Top countries in Manufacturing Output Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 39.64 | 2023 | -8.09% | +1.57% | View data |
| 2 | 2 France | 17.19 | 2023 | +1.36% | +3.28% | View data |
| 3 | 3 Spain | 12.43 | 2023 | +2.42% | +5.18% | View data |
| 4 | 4 Netherlands | 7.01 | 2023 | -15.5% | +1.87% | View data |
| 5 | 5 Belgium | 6 | 2023 | +1.66% | +6.66% | View data |
| 6 | 6 Ireland | 5.25 | 2023 | +2.14% | +5.44% | View data |
| 7 | 7 Austria | 4.16 | 2023 | -9.87% | +2.23% | View data |
| 8 | 8 Finland | 3 | 2023 | +0.87% | +6.25% | View data |
| 9 | 9 Slovakia | 1.71 | 2023 | -11.68% | +2.97% | View data |
| 10 | 10 Greece | 1.42 | 2023 | +2.1% | +6.24% | View data |
