European manufacturing output in 2024 shows Germany leading significantly with 2.154 trillion Euros, followed by France at 0.93403 trillion Euros, and Spain at 0.67558 trillion Euros. Noteworthy contributions also come from the Netherlands (0.38079), Belgium (0.32607), and Ireland (0.28556). Smaller economies like Malta and Latvia, although less impactful in absolute values, show notable variation percentages.
Year-on-year variations in 2023 indicate the following trends:
- Germany: 1.57%
- France: 3.28%
- Spain: 5.18%
- Netherlands: 1.87%
- Belgium: 6.66%
- Ireland: 5.44%
- Austria: 2.23%
- Finland: 6.25%
- Slovakia: 2.97%
- Greece: 6.24%
- Lithuania: 11.87%
- Slovenia: 6.16%
- Estonia: 8.06%
- Latvia: 12.03%
- Malta: 2.66%
Future trends to watch for include Germany maintaining its leadership but with more gradual growth. Significant growth may come from smaller economies like Latvia, Lithuania, and Estonia due to their higher current growth rates. Additionally, keeping an eye on digital transformation and sustainability initiatives may help identify new acceleration points across various European countries.
Top countries in Manufacturing Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,154,000 | 2023 | -8.09% | +1.57% | View data |
| 2 | 2 France | 934,030 | 2023 | +1.36% | +3.28% | View data |
| 3 | 3 Spain | 675,580 | 2023 | +2.42% | +5.18% | View data |
| 4 | 4 Netherlands | 380,790 | 2023 | -15.5% | +1.87% | View data |
| 5 | 5 Belgium | 326,070 | 2023 | +1.66% | +6.66% | View data |
| 6 | 6 Ireland | 285,560 | 2023 | +2.14% | +5.44% | View data |
| 7 | 7 Austria | 226,180 | 2023 | -9.87% | +2.23% | View data |
| 8 | 8 Finland | 162,820 | 2023 | +0.87% | +6.25% | View data |
| 9 | 9 Slovakia | 92,930 | 2023 | -11.68% | +2.97% | View data |
| 10 | 10 Greece | 77,060 | 2023 | +2.1% | +6.24% | View data |
