The analysis of European Consumer Services Nominal Expenditure Per Capita up to 2023 shows substantial variability among countries. Switzerland leads with the highest expenditure, reflecting a strong economy and high living standards, followed by Iceland and Luxembourg. In contrast, Southeastern European countries like Albania and Bosnia and Herzegovina report the lowest figures, indicating less disposable income for consumer services.
The year-on-year variation shows a nil pattern, meaning stability or stagnation in spending changes across these countries in recent assessments. Over the last five years, trends have remained largely constant without significant shifts in Compound Annual Growth Rate (CAGR).
Future trends to watch in European Consumer Services expenditure include:
- The impact of digital transformation on consumer services and how it may change spending behaviors.
- Evolving economic conditions, particularly inflationary pressures, and their influence on consumer capacity to maintain or increase spending.
- Emerging market dynamics in Eastern Europe that could shift expenditure patterns.
Top countries in Consumer Services Nominal Expenditure Per Capita by Country
| # | 10 Countries | Euros Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Switzerland | 28,540 | 2023 | View data |
| 2 | 2 Iceland | 24,580 | 2023 | View data |
| 3 | 3 Luxembourg | 23,420 | 2023 | View data |
| 4 | 4 Norway | 19,890 | 2023 | View data |
| 5 | 5 United Kingdom | 17,540 | 2023 | View data |
| 6 | 6 Denmark | 17,500 | 2023 | View data |
| 7 | 7 Ireland | 16,840 | 2023 | View data |
| 8 | 8 Austria | 15,840 | 2023 | View data |
| 9 | 9 Finland | 15,280 | 2023 | View data |
| 10 | 10 Netherlands | 14,990 | 2023 | View data |
