The European Final Consumption Expenditure of Non-resident Households in 2023 showed significant variations across countries. France, Spain, and Italy experienced declines of 3.19%, 3.2%, and 1.5% respectively. The UK, Croatia, and Luxembourg saw increases, with Serbia showing a notable rise of 14.19%. Germany, Austria, and Portugal faced decreases, reflecting broader European tourism challenges. Finland and Norway suffered the largest declines, at 6.7% and 4.38%. Romania had a positive growth of 11.05%, indicating potential emerging opportunities in Eastern Europe market trends.
Future trends to watch include potential recoveries in countries with declining consumption. The impact of geopolitical changes, economic conditions, and developments in travel and tourism policies will be crucial in shaping trends in non-resident household expenditures across Europe. Consider monitoring innovation within the digital and convenience travel services sector, as they could drive greater spending by non-residents across various European destinations.
Top countries in Final Consumption Expenditure of Non-resident Households by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 49,890 | 2023 | -18.07% | -3.19% | View data |
| 2 | 2 Spain | 47,940 | 2023 | -18.29% | -3.2% | View data |
| 3 | 3 United Kingdom | 44,340 | 2023 | +1.88% | +3.2% | View data |
| 4 | 4 Italy | 38,690 | 2023 | -12.74% | -1.5% | View data |
| 5 | 5 Germany | 24,890 | 2023 | -0.62% | -1.29% | View data |
| 6 | 6 Portugal | 15,420 | 2023 | -23.49% | -1.05% | View data |
| 7 | 7 Austria | 15,170 | 2023 | -9.04% | -2.77% | View data |
| 8 | 8 Switzerland | 14,120 | 2023 | -12.9% | -1.17% | View data |
| 9 | 9 Greece | 14,000 | 2023 | -20.77% | -2.73% | View data |
| 10 | 10 Netherlands | 12,710 | 2023 | -16.52% | -3.33% | View data |
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