In 2023, Germany led European household expenditure on housing, water, electricity, gas, and other fuels with a share of 18.27 million euros, experiencing a 3.42% year-on-year increase. The United Kingdom and France followed, with annual growths of 1.49% and 2.65%, respectively. Notably, Slovakia, Lithuania, Estonia, and Belgium saw significant year-on-year increases, with Estonia reaching a remarkable 16.5%. Overall, the Compound Annual Growth Rate (CAGR) over the past five years reveals increased spending driven by rising costs and demand for utilities.
Future trends to watch include:
- Potential impact of renewable energy policies on utility spending.
- Inflationary pressures affecting budget allocation towards housing and utilities.
- Technological advancements in the home energy sector potentially reducing costs.
- Varying economic conditions across countries potentially influencing expenditure levels.
Top countries in Household Expenditure on Housing, Water, Electricity, Gas and Other Fuels Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.27 | 2023 | +2.79% | +3.42% | View data |
| 2 | 2 United Kingdom | 15.94 | 2023 | +1.1% | +1.49% | View data |
| 3 | 3 France | 14.25 | 2023 | +2.46% | +2.65% | View data |
| 4 | 4 Italy | 12.76 | 2023 | +13.53% | +6.45% | View data |
| 5 | 5 Spain | 7.11 | 2023 | +4.51% | +2.99% | View data |
| 6 | 6 Netherlands | 3.77 | 2023 | +3.35% | +3.91% | View data |
| 7 | 7 Switzerland | 3.57 | 2023 | +2.49% | +3.57% | View data |
| 8 | 8 Belgium | 2.96 | 2023 | +12.09% | +7.24% | View data |
| 9 | 9 Poland | 2.78 | 2023 | +2.17% | +6.88% | View data |
| 10 | 10 Sweden | 2.35 | 2023 | +1.3% | +2.75% | View data |
