In 2024, Albania leads in European food expenditure relative to GDP at 32.3%, with high numbers also in Kosovo and Montenegro. Luxembourg and Ireland are at the lower end, spending 2.4% and 1.6%, respectively. Notable increases in 2023 occurred in the UK (6.4%) and Cyprus (2.81%). Conversely, Ireland saw a significant reduction by 7%. Over a five-year span, growth has been observed mainly in Spain, with a consistent upward trend.
Looking ahead, broad economic improvements across Europe may influence nominal food expenditure. Shifts in consumer behavior, sustainability trends, and inflation will likely shape spending patterns, potentially increasing focus on premium and ethical food products.
Top countries in Food Nominal Expenditure by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Albania | 32.3 | 2023 | +3.53% | +1.22% | View data |
| 2 | 2 Kosovo | 26.2 | 2023 | +6.5% | -0.89% | View data |
| 3 | 3 Montenegro | 21.8 | 2023 | -3.11% | +0.65% | View data |
| 4 | 4 Bosnia and Herzegovina | 19.3 | 2023 | -2.03% | -0.51% | View data |
| 5 | 5 Macedonia | 18.7 | 2023 | -1.58% | +0.77% | View data |
| 6 | 6 Romania | 15 | 2023 | +1.35% | 0% | View data |
| 7 | 7 Serbia | 13.5 | 2023 | -2.17% | -1.42% | View data |
| 8 | 8 Greece | 12.3 | 2023 | 0% | +1.71% | View data |
| 9 | 9 Croatia | 11.3 | 2023 | -2.59% | +0.18% | View data |
| 10 | 10 Slovakia | 11.1 | 2023 | +2.78% | +4.75% | View data |
