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Consumer expenditure gauges the level of demand for goods and services in a country making it a key indicator of size and the potential of a country market.
In 2016, global real growth in consumer expenditure stagnated at 2.7% year-on-year, as growth in developed markets decelerated to 2.2% from 2.6% in 2015 as a result of dampened consumer confidence and greater uncertainties. In emerging and developing markets, consumer expenditure growth strengthened to 3.5% in 2016, from 2.9% a year earlier.
|United Kingdom||USD million||1,604,569.4|
Euromonitor International’s extensive data on income and expenditure goes beyond total spending to include detailed breakdowns by location, income, household size, age and economic status of the household head as well as type and tenure of households. Learn more about the top three countries with the highest consumer expenditure in more detail below:
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Category definition: Consumer expenditure comprises of personal expenditure on goods – durable, semi-durable and non-durable as well as services on the domestic market, including imputed rent of owner-occupied dwellings, administrative costs of general insurance and superannuation schemes.
In the domestic market, consumption expenditure is equal to consumer expenditure by resident households plus direct purchases in the domestic market by non-resident households and minus direct purchases abroad by resident households.