The European Value Added in Retail, excluding motor vehicles and motorcycles, displays Germany's dominance with €118.39 billion in 2023, followed by France at €94.19 billion, and Spain at €58.88 billion. The growth rates for 2023 show positive trends in most countries, notably Estonia at 8.04% and Croatia at 4.07%, indicating robust retail scenes. However, Slovakia exhibited a slight decline with -0.19%. Over the last five years, compound annual growth rates further highlight Estonia's rapid retail expansion.
Future trends to watch include the increasing influence of e-commerce, sustainability in retail practices, and the impact of macroeconomic factors such as inflation and consumer confidence on national retail markets. Countries demonstrating technological integration and adaptability in retail are likely to experience sustained growth.
Top countries in Value Added of Retail (Except of Motor Vehicles and Motorcycles) by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 118,390 | 2023 | +2.49% | +2.55% | View data |
| 2 | 2 France | 94,190 | 2023 | +1.06% | +1.69% | View data |
| 3 | 3 Spain | 58,880 | 2023 | +1.33% | +0.58% | View data |
| 4 | 4 Belgium | 16,920 | 2023 | +0.79% | +0.86% | View data |
| 5 | 5 Finland | 7,490 | 2023 | +1.19% | +2.08% | View data |
| 6 | 6 Slovakia | 3,810 | 2023 | +0.029% | -0.19% | View data |
| 7 | 7 Lithuania | 3,210 | 2023 | +2.62% | +2.82% | View data |
| 8 | 8 Croatia | 2,890 | 2023 | +3.55% | +4.07% | View data |
| 9 | 9 Estonia | 1,490 | 2023 | +6.96% | +8.04% | View data |
| 10 | 10 Cyprus | 1,060 | 2023 | +0.74% | +0.067% | View data |
