In 2023, the Gross Value Added (GVA) in Europe's wholesale, retail trade, transport, accommodation, and food service sectors shows Germany leading with a significant share, followed by Spain and Belgium. Countries like Luxembourg, Kosovo, Andorra, and San Marino contribute smaller shares. The year-on-year increase for 2023 highlights notable growth in Luxembourg, Kosovo, and Andorra, indicating regional dynamism. Consistent moderate growth is observed in established economies like Germany and Spain, while smaller economies exhibit higher growth rates.
Future trends include:
- Focus on sustainability and digital transformation driving efficiencies in retail and logistics.
- Tourism recovery post-pandemic contributing to growth in accommodation and food services.
- Potential geopolitical factors influencing trade dynamics and economic policies across the region.
Top countries in Wholesale and Retail Trade, Transport, Accommodation and Food Service Activities Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 54.64 | 2023 | +2.09% | +2.09% | View data |
| 2 | 2 Spain | 28.85 | 2023 | +8.16% | +1.81% | View data |
| 3 | 3 Belgium | 8.52 | 2023 | +3.93% | +1.21% | View data |
| 4 | 4 Portugal | 4.93 | 2023 | +7.77% | +2.28% | View data |
| 5 | 5 Lithuania | 1.58 | 2023 | +3.32% | +3.59% | View data |
| 6 | 6 Luxembourg | 1.08 | 2023 | +3.42% | +4.06% | View data |
| 7 | 7 Kosovo | 0.16 | 2023 | +4.01% | +4.22% | View data |
| 8 | 8 Montenegro | 0.13 | 2023 | +11.68% | +3.07% | View data |
| 9 | 9 Andorra | 0.084 | 2023 | +0.059% | +4.3% | View data |
| 10 | 10 San Marino | 0.026 | 2023 | +2.64% | +3% | View data |
