The 2023 data indicates significant variation in household expenditure on food and soft drinks across Europe, expressed as a percentage of GDP. Albania leads with the highest expenditure at 40.8%, while Ireland spends the least at 1.8%. Notable increases over the past year were observed in Albania, Slovakia, and Switzerland, suggesting growth in these markets, while significant declines occurred in Norway and Ireland. Over the last two years, Albania shows a strong upward trend, contrasting the declining trend in Ireland. The five-year CAGR highlights countries like Albania and Slovakia with climbing expenditure rates, contrasting with negative growth in Ireland and Norway.
Future trends to watch include:
- A focus on health and sustainability impacting food and beverage choices.
- Potential shifts due to economic conditions affecting disposable income and consumption patterns.
- The impact of technological advancements in food production and distribution.
- Demographic changes influencing dietary preferences and spending habits.
Top countries in Household Expenditure on Food and Soft Drinks by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Albania | 40.8 | 2023 | +4.08% | +5.44% | View data |
| 2 | 2 Montenegro | 23.1 | 2023 | -7.23% | -0.086% | View data |
| 3 | 3 Bosnia and Herzegovina | 22.8 | 2023 | -1.3% | +0.27% | View data |
| 4 | 4 Macedonia | 19.5 | 2023 | -1.02% | -1.09% | View data |
| 5 | 5 Serbia | 16.6 | 2023 | +2.47% | +0.12% | View data |
| 6 | 6 Romania | 14.8 | 2023 | -3.9% | -1.42% | View data |
| 7 | 7 Croatia | 13.8 | 2023 | -0.72% | +1.05% | View data |
| 8 | 8 Greece | 12.7 | 2023 | +2.42% | +1.14% | View data |
| 9 | 9 Portugal | 11.9 | 2023 | 0% | +1.22% | View data |
| 10 | 10 Slovakia | 11.8 | 2023 | +1.72% | +4% | View data |
