Value added in the trade sector: 9.5% of GDP in 2013
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 2012 amounted to Euro 1,883 billion (turnover tax excluded) and - according to national accounts data for 2013 - accounted for Euro 240 billion of gross value added. It contributed 9.5% 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 40 billion in 2013, contributing 1.6% to the gross domestic product. Accommodation and food service activities comprise accommodation services as well as food and beverage serving activities.