The data on European Transport Nominal Expenditure by country, expressed as a percentage of GDP, shows Kosovo with a significantly higher expenditure ratio at 33.2%, post a notable increase of 14.46% from the previous year. In contrast, most countries experienced a decrease, with Ireland seeing the steepest decline at -10.71%. Other notable reductions were observed in Bosnia and Herzegovina, and Norway. The United Kingdom and Poland were among the few showing slight increases in their expenditure ratios, indicating resilience amid broader declines across Europe.
Future trends to watch include possible further declines in countries with existing negative trajectories such as Ireland and Cyprus, while Kosovo's upward trajectory suggests potential sustained growth. Factors influencing these trends could include strategic transport investment, economic developments, and changes in national transport policies across European countries. Monitoring how these trends coincide with economic growth and investment strategies will be key in predicting future nominal expenditure levels.
Top countries in Transport Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kosovo | 33.2 | 2023 | +22.51% | +14.46% | View data |
| 2 | 2 Lithuania | 9 | 2023 | +1.12% | -1.49% | View data |
| 3 | 3 Slovenia | 8.8 | 2023 | -6.38% | -1.1% | View data |
| 4 | 4 Greece | 8.5 | 2023 | +1.19% | -1.99% | View data |
| 5 | 5 Montenegro | 8.5 | 2023 | -1.16% | -2.81% | View data |
| 6 | 6 United Kingdom | 8.1 | 2023 | +5.19% | +0.25% | View data |
| 7 | 7 Serbia | 7.8 | 2023 | -2.5% | -1.47% | View data |
| 8 | 8 Cyprus | 7.6 | 2023 | -2.56% | -6.96% | View data |
| 9 | 9 Portugal | 7.5 | 2023 | -1.32% | -4% | View data |
| 10 | 10 Poland | 7.5 | 2023 | +5.63% | +0.27% | View data |
