Brazil, South Africa, and India lead in this category, with up to 30% consumer spending growth. Over the next twelve months, this figure rose to $42.5trn and continued growing. These consumers spend more per head t… Specifically, consumer spending on food and beverages (purchased for off-premises consumption) sees a $84 billion increase from 2019 to 2020, … Updated: Wednesday, July 15, 2020. Please check your download folder. Beyond impacting some of the factors that determine consumer spend—such as consumer confidence, unemployment levels, or the cost of living—the COVID-19 pandemic has also drastically altered how and where consumers choose to spend their hard-earned cash. Over the last two years, EY teams have been modeling future scenarios as part of the FutureConsumer.Now program. Major consumer markets like the United States, United Kingdom, Germany, and China witnessed around 15% grocery shopping growth in the first half of the year. Statista data also revealed that Switzerland represents the leading country globally, with over $40,000 in consumer spending per capita in 2020. The median household income after taxes is $61,372. Before the COVID-19 crisis, global consumer spending has witnessed steady growth for five years in a row, revealed Statista, IMF, United Nations, World Bank, and Eurostat data. This page displays a table with actual values, consensus figures, forecasts, statistics and … The State of the Global Consumer Spending Trends. Considered by many economists to be the most important short-run determinant of economic performance, consumer spending is the driving force behind the U.S. economy. The surveys, now fielded in 45 countries, are conducted online in local languages on a weekly, bi-weekly, or monthly basis, depending on the region. Global Consumption Database A market of $5 trillion per year The roughly 4.5 billion low-income people in developing countries collectively spend more than $5 trillion a year (in $PPP 2005). Over the next twelve months, this figure rose to $42.5trn and continued growing. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. World consumer spending for 2017 was $46,289.88B, a 5.72% increase from 2016. A total of 18% of the …, @2020 - All Right Reserved. One of these scenarios was based on the impact of a hypothetical global pandemic and indicated that consumers could adopt more open attitudes to privacy and sharing personal data. According to data presented by StockApps.com the coronavirus outbreak is expected to cut global consumer spending to $44.3trn in 2020, an 8.6% plunge year-over-year. 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