Value added in the trade sector: 8.4% of GDP in 2014
The development of trade turnover - in particular, retail trade turnover - is regarded as an important indicator for short-term economic analysis. The trade turnover achieved in 2013 amounted to Euro 1,848 billion (turnover tax excluded) and - according to national accounts data for 2014 - accounted for Euro 245 billion of gross value added. It contributed 8.4% to the gross domestic product, that is, the total value added at national level.
Accommodation and food services recorded a gross value added of Euro 42 billion in 2014, contributing 1.4% to the gross domestic product. Accommodation and food service activities comprise accommodation services as well as food and beverage serving activities.