In 2023, Germany led the European Value Added of Retail Trade (excluding Motor Vehicles and Motorcycles) with a significant €110.92 billion. France, Italy, and Spain followed, demonstrating a large European retail market. Year-on-year growth reveals moderate to strong increases across most countries, with Slovakia and Estonia showing the highest gains at 2.76% and 2.56%, respectively. Greece was the only country to experience a decline at -1.33% in 2023. These variations underscore the differing retail dynamics across Europe.
Future trends to watch include digital transformation in retail, sustainability initiatives, and evolving consumer preferences. These factors are likely to continue shaping the landscape of European retail, driving value-added changes and growth opportunities.
Top countries in Value Added of Retail Trade (Except of Motor Vehicles and Motorcycles) by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 110,920 | 2023 | +1.51% | +1.28% | View data |
| 2 | 2 France | 93,840 | 2023 | +1.29% | +1.73% | View data |
| 3 | 3 Italy | 89,200 | 2023 | +1.18% | +1.49% | View data |
| 4 | 4 Spain | 59,360 | 2023 | +1.21% | +1.28% | View data |
| 5 | 5 Netherlands | 28,820 | 2023 | +1.63% | +1.54% | View data |
| 6 | 6 Belgium | 17,420 | 2023 | +1.24% | +1.46% | View data |
| 7 | 7 Austria | 15,330 | 2023 | +1.26% | +1.37% | View data |
| 8 | 8 Ireland | 9,970 | 2023 | +1.67% | +1.91% | View data |
| 9 | 9 Finland | 7,200 | 2023 | +1.21% | +1.32% | View data |
| 10 | 10 Greece | 6,870 | 2023 | -1.33% | -1.33% | View data |
