European Final Consumption Expenditure of Resident Households Abroad Share by Country (Million Euros)

The United Kingdom leads the European final consumption expenditure of resident households abroad, surpassing Germany and France. Notably, Romania (+7.54%) and Latvia (+8.84%) demonstrated the highest year-on-year growth in 2023. In contrast, Norway (-6.72%) and Iceland (-4.62%) experienced significant declines.

Forecasts indicate a continued dominance of the United Kingdom in household expenditures abroad. Germany’s negative trend may stabilize, while Eastern European nations such as Romania and Bulgaria are expected to steadily increase their shares. Monitoring geopolitical and economic factors, such as inflation and currency fluctuations, will be essential to understanding future expenditure patterns.