European consumer goods nominal expenditure varies significantly by country, as indicated by forecasted data for 2024. Montenegro leads with a 62.9% expenditure of GDP, while Ireland remains the lowest at 8.9%. Noteworthy increases include Slovenia (+1.95%), Italy (+1.7%), and Latvia (+1.62%). Countries such as Luxembourg (-2.3%), Malta (-3.19%), and Norway (-3.54%) report substantial declines. Larger economies like the United Kingdom, France, and Germany show minimal to negative variations.
Future trends to watch include potential shifts in consumer spending due to economic volatility, changes in disposable income, and evolving market dynamics. Emerging markets in Eastern Europe might continue their current upward trajectory, while mature markets in Western Europe could stabilize or see modest declines.
Top countries in Consumer Goods Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Montenegro | 62.9 | 2023 | -0.63% | +0.68% | View data |
| 2 | 2 Albania | 53.3 | 2023 | +2.5% | +0.5% | View data |
| 3 | 3 Bosnia and Herzegovina | 48.8 | 2023 | -1.21% | -1.19% | View data |
| 4 | 4 Serbia | 42.7 | 2023 | -1.39% | -0.64% | View data |
| 5 | 5 Romania | 41.2 | 2023 | 0% | +0.29% | View data |
| 6 | 6 Macedonia | 40.7 | 2023 | -1.45% | +0.65% | View data |
| 7 | 7 Croatia | 40.3 | 2023 | -2.89% | +0.15% | View data |
| 8 | 8 Lithuania | 39 | 2023 | -3.47% | -1.61% | View data |
| 9 | 9 Poland | 36.7 | 2023 | -0.27% | -0.27% | View data |
| 10 | 10 Greece | 36.2 | 2023 | -0.55% | +1.32% | View data |
