The European Consumer Services Nominal Expenditure Share in 2023 highlights that the United Kingdom leads with 18.2%, followed closely by Germany at 17.89%, and France at 13.81%. Other notable shares include Italy at 9.96% and Spain at 7.91%. Growth patterns indicate strong year-on-year increases in Romania (7.38%) and Serbia (7.84%), while Lithuania surged by 9.4%. Conversely, Italy saw a minor decline of 0.55%, showcasing diverse economic dynamics within the region.
As we look towards future trends, watch for technological advancements and changing consumer preferences that could impact expenditure shares. Sustainable services and digitalization are expected to shape the landscape significantly across European markets. Additionally, increased economic stability in Eastern Europe could lead to higher expenditure shares in the coming years.
Top countries in Consumer Services Nominal Expenditure Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 18.2 | 2023 | +5.13% | +2.77% | View data |
| 2 | 2 Germany | 17.89 | 2023 | -1.85% | +2.09% | View data |
| 3 | 3 France | 13.81 | 2023 | -1.24% | +1.77% | View data |
| 4 | 4 Italy | 9.96 | 2023 | -5.48% | -0.55% | View data |
| 5 | 5 Spain | 7.91 | 2023 | +2.56% | +1.31% | View data |
| 6 | 6 Netherlands | 4.03 | 2023 | -2.93% | +2.25% | View data |
| 7 | 7 Switzerland | 3.88 | 2023 | +2.37% | +3.6% | View data |
| 8 | 8 Belgium | 2.62 | 2023 | -3.58% | +2.38% | View data |
| 9 | 9 Sweden | 2.41 | 2023 | +1.44% | +3.01% | View data |
| 10 | 10 Poland | 2.27 | 2023 | -4.55% | +3.18% | View data |
