In 2023, Germany led the European Value Added in Business Services at 1.5638 trillion Euros, followed by Italy (0.90972 trillion) and Spain (0.61813 trillion). Smaller economies like Estonia (0.01329 trillion) and Latvia (0.01557 trillion) had significantly lower values. Year-on-year, the largest increases were seen in Estonia (2.86%), Lithuania (2.84%), and Luxembourg (2.8%), reflecting robust growth in these countries.
Future trends to watch include potential shifts as countries like Ireland (with a substantial 5.06% growth in 2023) continue to attract foreign investments, leading to increased value addition. Countries with traditionally slower growth, such as Greece, may also see new opportunities emerging from digital transformation and policy changes. Monitoring these trends will be crucial for understanding the evolving landscape of business services value added in Europe.
Top countries in Value Added of Business Services by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,563,800 | 2023 | +1.77% | +2.04% | View data |
| 2 | 2 Italy | 909,720 | 2023 | +1.3% | +1.42% | View data |
| 3 | 3 Spain | 618,130 | 2023 | +1.79% | +1.77% | View data |
| 4 | 4 Netherlands | 416,500 | 2023 | +1.88% | +1.82% | View data |
| 5 | 5 Belgium | 251,950 | 2023 | +2.11% | +2.42% | View data |
| 6 | 6 Austria | 189,820 | 2023 | +1.98% | +2% | View data |
| 7 | 7 Ireland | 188,810 | 2023 | +3.65% | +5.06% | View data |
| 8 | 8 Finland | 103,040 | 2023 | +1.95% | +1.97% | View data |
| 9 | 9 Portugal | 102,870 | 2023 | +1.79% | +1.72% | View data |
| 10 | 10 Greece | 91,510 | 2023 | +0.31% | +0.61% | View data |
