In 2023, Germany led the European retail output excluding motor vehicles and motorcycles with €227.95 billion, while France followed with €168.07 billion. Austria, Finland, and Slovakia also contributed notably, but on a smaller scale, with outputs of €26.82, €13.86, and €8.0 billion, respectively. Smaller economies like Lithuania, Slovenia, Estonia, and Cyprus had outputs ranging from €4.68 to €1.66 billion. Notably, Estonia's retail sector showed strong growth with a 7.5% increase, while Cyprus experienced a slight decline of 0.49%. Over the past five years, the retail market demonstrated diverse growth trends, consistent with Lithuania's robust expansion and Slovenia's strong growth trajectory.
Future trends to observe in the European retail sector include the impact of inflationary pressures, technological advancements like AI in logistics and supply chain management, and evolving consumer preferences towards e-commerce. Understanding these trends will be critical for sustaining growth across different countries in the upcoming years.
Top countries in Output of Retail (Except of Motor Vehicles and Motorcycles) by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 227,950 | 2023 | +2.27% | +3.2% | View data |
| 2 | 2 France | 168,070 | 2023 | +1.74% | +1.38% | View data |
| 3 | 3 Austria | 26,820 | 2023 | +1.77% | +1.56% | View data |
| 4 | 4 Finland | 13,860 | 2023 | +1.37% | +2.19% | View data |
| 5 | 5 Slovakia | 8,000 | 2023 | +1.28% | +1.11% | View data |
| 6 | 6 Lithuania | 4,680 | 2023 | +3.22% | +4.37% | View data |
| 7 | 7 Slovenia | 4,630 | 2023 | +5.62% | +5.69% | View data |
| 8 | 8 Estonia | 2,630 | 2023 | +6.62% | +7.5% | View data |
| 9 | 9 Cyprus | 1,660 | 2023 | -0.13% | -0.49% | View data |
