European Household Expenditure on Personal Transport by Country

In 2023, Germany leads with the highest household expenditure on personal transport at 118.23 billion euros, followed by France at 112.29 billion euros. Countries like Spain, Netherlands, and Belgium also have significant spending, while smaller economies like Latvia and Estonia show the lowest expenditure. Year-on-year variations indicate increasing expenditure across most countries, with Estonia, Croatia, and Ireland showing the largest growth rates. The last five years saw diverse trends, with countries like Germany and France having steady but slow growth, while countries like Estonia and Latvia experienced more dynamic growth.

Future trends to watch include the increasing adoption of electric vehicles, potential government subsidies for sustainable transport, and ongoing economic recovery affecting household spending capability. Additionally, digital transformation and technological advancements in the automotive industry could further influence expenditure patterns.