The European Turnover Index of Non-Food Retail shows notable variations across countries. As of 2024, Slovenia (23.33) and Lithuania (23.03) lead the index, reflecting significant growth over recent years. Countries like Romania and Estonia follow close behind. Over the past two years, Slovenia exhibited a 14.34% increase, while Lithuania rose by 14.19%. Luxembourg, despite having the lowest index value, showed an 8.65% rise since 2022. This upward trend is consistent across most countries, albeit with varying degrees of growth. Significant performers also include Bulgaria and Latvia, with strong annual growth rates.
Future trends to watch include:
- Continued growth in Central and Eastern European countries driven by digital transformation and consumer spending.
- The impact of inflation on retail prices and consumer behavior, especially in Western Europe.
- Sustainability and green retail initiatives influencing market dynamics.
- Potential effects of geopolitical tensions on supply chains and retail operations.
- Adoption of technology and e-commerce expected to bolster growth in the retail index.
Top countries in Turnover Index of Non-Food Retail by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 233.3 | 2022 | +54.4% | +14.34% | View data |
| 2 | 2 Lithuania | 230.3 | 2022 | +25.57% | +14.19% | View data |
| 3 | 3 Romania | 218.6 | 2022 | +22.19% | +12.06% | View data |
| 4 | 4 Estonia | 193.7 | 2022 | +21.52% | +11.17% | View data |
| 5 | 5 Bulgaria | 189.5 | 2022 | +26.25% | +11.27% | View data |
| 6 | 6 Latvia | 163.8 | 2022 | +24.28% | +8.47% | View data |
| 7 | 7 Croatia | 162.8 | 2022 | +12.59% | +7.2% | View data |
| 8 | 8 Czech Republic | 160.7 | 2022 | +12.22% | +7.03% | View data |
| 9 | 9 Malta | 151.2 | 2022 | +14.03% | +6.32% | View data |
| 10 | 10 Cyprus | 139.1 | 2022 | +14.58% | +4.79% | View data |
