In 2024, Slovakia leads European household expenditure on housing, water, electricity, gas, and other fuels, accounting for 18.1% of GDP, reflecting a 2.89% increase from the previous year. The United Kingdom and Italy follow, showing opposite trends; the UK experienced a slight reduction, while Italy saw a 1.69% uptick. Notable year-on-year variations include a surge of 5.75% in Estonia and a significant drop in Norway by 5.03%. Over the last five years, the compound annual growth rate indicates consistent growth in expenditures across many countries.
Future trends to watch include:
- Potential impact of economic recovery and energy policies on expenditure levels.
- The influence of energy efficiency initiatives and sustainable housing developments.
- Changes in consumer behavior driven by environmental concerns and cost-saving measures.
Top countries in Household Expenditure on Housing, Water, Electricity, Gas and Other Fuels by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 18.1 | 2023 | 0% | +2.89% | View data |
| 2 | 2 United Kingdom | 15.5 | 2023 | -0.64% | -0.51% | View data |
| 3 | 3 Italy | 14.9 | 2023 | -0.67% | +1.69% | View data |
| 4 | 4 Finland | 14.5 | 2023 | -0.68% | 0% | View data |
| 5 | 5 Greece | 14.2 | 2023 | -0.7% | -0.82% | View data |
| 6 | 6 France | 13.7 | 2023 | 0% | 0% | View data |
| 7 | 7 Macedonia | 13.1 | 2023 | -2.24% | -2.41% | View data |
| 8 | 8 Switzerland | 12.9 | 2023 | 0% | +0.47% | View data |
| 9 | 9 Spain | 12.8 | 2023 | -2.29% | -0.61% | View data |
| 10 | 10 Latvia | 12.6 | 2023 | 0% | +0.48% | View data |
