In 2023, Germany leads European retail output with 237.79 billion euros, followed by Italy at 148.52 billion euros. Belgium and Ireland also show significant outputs of 28.71 billion euros and 16.92 billion euros, respectively. Notable year-on-year growth includes Croatia at 7.89%, and Slovakia at 5.73%, highlighting strong performance in these regions. The average annual growth (CAGR) over the last five years varies significantly among countries, reflecting diverse economic conditions and consumer behaviors.
Future trends to watch include:
- Digital transformation in retail, impacting operational efficiencies and consumer engagement.
- Sustainability practices influencing consumer preferences and brand strategies.
- Potential economic and geopolitical developments affecting market stability and consumer spending.
Top countries in Retail (Except of Motor Vehicles and Motorcycles) Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 237,790 | 2023 | +3.56% | +4.07% | View data |
| 2 | 2 Italy | 148,520 | 2023 | +4.45% | +1.99% | View data |
| 3 | 3 Belgium | 28,710 | 2023 | +1.03% | +0.7% | View data |
| 4 | 4 Ireland | 16,920 | 2023 | +2.22% | +3.33% | View data |
| 5 | 5 Portugal | 16,280 | 2023 | +1.05% | +1.56% | View data |
| 6 | 6 Finland | 14,220 | 2023 | +2.17% | +2.71% | View data |
| 7 | 7 Slovakia | 10,010 | 2023 | +1.27% | +5.73% | View data |
| 8 | 8 Croatia | 6,270 | 2023 | +5.21% | +7.89% | View data |
| 9 | 9 Slovenia | 4,530 | 2023 | +2.4% | +5.18% | View data |
| 10 | 10 Latvia | 2,730 | 2023 | +2.84% | +3.65% | View data |
