In 2023, Germany led in National Gross Balance of Primary Income within Europe at €3.8222 trillion, reflecting a 1.92% year-on-year growth. Ireland marked the highest year-on-year increase among smaller economies with a 4.61% rise. Conversely, Spain experienced a significant decline of 7.19%. Austria, Latvia, Malta, and San Marino showed modest growth ranging between 1.07% and 1.95%. Portugal had minimal growth at 0.6%. Over the past five years, trends indicate varied growth across nations, with some like Ireland and Latvia showing resilience.
Future trends to monitor include Germany's continued economic strength, potential recovery in Spain, and growth in smaller economies like Ireland and Latvia. The European primary income landscape will likely be shaped by these dynamics, influenced by geopolitical factors and economic policy changes.
Top countries in National Gross Balance of Primary Income by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,822,200 | 2023 | +2.18% | +1.92% | View data |
| 2 | 2 Spain | 829,950 | 2023 | -10.64% | -7.19% | View data |
| 3 | 3 Austria | 402,450 | 2023 | +1.67% | +1.07% | View data |
| 4 | 4 Ireland | 316,360 | 2023 | +3.51% | +4.61% | View data |
| 5 | 5 Portugal | 206,240 | 2023 | +1.5% | +0.6% | View data |
| 6 | 6 Latvia | 31,590 | 2023 | +2.22% | +1.95% | View data |
| 7 | 7 Malta | 13,020 | 2023 | +2.92% | +1.59% | View data |
| 8 | 8 San Marino | 1,380 | 2023 | +1.61% | +1.61% | View data |
