In 2023, Italy led European household expenditure on non-durable goods with expenditures reaching 457.59 billion Euros, followed by France and Spain with 435.9 and 235.15 billion Euros respectively. Notably, smaller economies like Estonia and Luxembourg showed limited spending at 9.4 and 8.54 billion Euros respectively. Year-on-year growth varied significantly: Latvia and Estonia led with over 11% growth, while larger economies like Italy and France grew at a moderate pace of 6.8% and 3.16%.
Looking at the longer term, Latvia and Estonia maintained a robust average annual growth, driven by increasing consumer demand and economic recovery post-pandemic. European countries with larger populations, such as Italy and France, demonstrated more stable but slower growth, indicative of matured markets.
Future trends to watch include potential shifts as economies respond to changes in global trade dynamics, inflationary pressures, and evolving consumer preferences for sustainable goods. Digital transformation and e-commerce are likely to further influence spending patterns on non-durable goods across Europe.
Top countries in Household Expenditure on Non-Durable Goods by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 457,590 | 2023 | +14.83% | +6.8% | View data |
| 2 | 2 France | 435,900 | 2023 | +3.28% | +3.16% | View data |
| 3 | 3 Spain | 235,150 | 2023 | +1.73% | +3.29% | View data |
| 4 | 4 Netherlands | 114,060 | 2023 | +5.16% | +4.96% | View data |
| 5 | 5 Belgium | 89,210 | 2023 | +3.08% | +5.19% | View data |
| 6 | 6 Austria | 67,580 | 2023 | +8.08% | +5.78% | View data |
| 7 | 7 Portugal | 61,690 | 2023 | +13.97% | +7.14% | View data |
| 8 | 8 Greece | 56,240 | 2023 | +2.52% | +4.71% | View data |
| 9 | 9 Finland | 42,820 | 2023 | +6.68% | +4.9% | View data |
| 10 | 10 Croatia | 21,830 | 2023 | +2.3% | +6.91% | View data |
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