In 2023, Italy led the European Transportation and Storage sector with a Gross Value Added (GVA) of €86.08 billion, experiencing a slight decline of 0.19%. Austria followed with €19.89 billion, growing by 0.94%. Greece and Portugal showed growth, with Greece expanding by 4.41% to €14.07 billion, while Portugal increased by 1.25% to €9.36 billion. Lithuania saw the highest growth rate in 2023, at 8.09%, and Ireland grew by 3.47% to €7.2 billion. Latvia, Estonia, and Malta also demonstrated positive growth, with Malta's GVA rising by 4.63%.
Future trends to watch:
- Potential technological advancements in transportation affecting productivity and efficiency.
- Impact of sustainability policies and green logistics on GVA growth patterns.
- Influence of geopolitical dynamics on cross-border transportation and storage activities.
- Economic growth and recovery of the European markets following potential global upheavals.
Top countries in Transportation and Storage Gross Value Added by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 86,080 | 2023 | -7.14% | -0.19% | View data |
| 2 | 2 Austria | 19,890 | 2023 | -2.97% | +0.94% | View data |
| 3 | 3 Greece | 14,070 | 2023 | +5.64% | +4.41% | View data |
| 4 | 4 Portugal | 9,360 | 2023 | -5.76% | +1.25% | View data |
| 5 | 5 Lithuania | 7,390 | 2023 | +5.71% | +8.09% | View data |
| 6 | 6 Ireland | 7,200 | 2023 | +13.34% | +3.47% | View data |
| 7 | 7 Latvia | 2,390 | 2023 | +2.46% | +1.26% | View data |
| 8 | 8 Estonia | 1,920 | 2023 | -3.98% | +3.37% | View data |
| 9 | 9 Malta | 793.1 | 2023 | +17.01% | +4.63% | View data |
