But emerging economies are not the only countries witnessing a surge in consumer spending.
Let us take a look at 25 largest consumer markets in the world, according to United Nations Statistics Division.
The countries are sorted by their Household final consumption expenditure, which represents consumer spending in nominal terms.
Click NEXT to see where India stands...
World's 25 largest consumer markets!
India
HFCE: $737,936 millions
Per cent of GDP: 57
Per cent of world consumer market: 2.12
Click NEXT to see the rest of the top 24 countries...
World's 25 largest consumer markets!
United States
HFCE: $10,026,400 millions
Per cent of GDP: 71
Per cent of world consumer market: 28.90
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World's 25 largest consumer markets!
2. Japan
HFCE: $2,952,710 millions
Per cent of GDP: 58
Per cent of world consumer market: 8.51
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World's 25 largest consumer markets!
3. Germany
HFCE: $1,960,230 millions
Per cent of GDP: 59
Per cent of world consumer market: 5.65
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World's 25 largest consumer markets!
4. China
HFCE: $1,835,280 millions
Per cent of GDP: 37
Per cent of world consumer market: 5.29
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World's 25 largest consumer markets!
5. France
HFCE: $1,545,900 millions
Per cent of GDP: 58
Per cent of world consumer market: 4.45
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World's 25 largest consumer markets!
6. The United Kingdom
HFCE: $1,415,350 millions
Per cent of GDP: 65
Per cent of world consumer market: 4.08
World's 25 largest consumer markets!
7. Italy
HFCE: $1,266,270 millions
Per cent of GDP: 60
Per cent of world consumer market: 3.65
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World's 25 largest consumer markets!
9. Brazil
HFCE: $986,498 millions
Per cent of GDP: 63
Per cent of world consumer market: 2.84
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World's 25 largest consumer markets!
10. Spain
HFCE: $828,5478 millions
Per cent of GDP: 57
Per cent of world consumer market: 2.38
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World's 25 largest consumer markets!
11. Canada
HFCE: $786,220 millions
Per cent of GDP: 59
Per cent of world consumer market: 2.26
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World's 25 largest consumer markets!
12. Russia
HFCE: $671,629 millions
Per cent of GDP: 55
Per cent of world consumer market: 1.93
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World's 25 largest consumer markets!
12. Mexico
HFCE: $582,0379 millions
Per cent of GDP: 67
Per cent of world consumer market: 1.67
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World's 25 largest consumer markets!
13. Australia
HFCE: $564,99379 millions
Per cent of GDP: 56
Per cent of world consumer market: 1.62
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World's 25 largest consumer markets!
14. South Korea
HFCE: $452,182 millions
Per cent of GDP: 54
Per cent of world consumer market: 1.30
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World's 25 largest consumer markets!
15. Turkey
HFCE: $439,678 millions
Per cent of GDP: 72
Per cent of world consumer market: 1.26
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World's 25 largest consumer markets!
16. The Netherlands
HFCE: $364,781millions
Per cent of GDP: 46
Per cent of world consumer market: 1.05
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World's 25 largest consumer markets!
17. Indonesia
HFCE: $316,730 millions
Per cent of GDP: 59
Per cent of world consumer market: 0.91
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World's 25 largest consumer markets!
18. Switzerland
HFCE: $285,311 millions
Per cent of GDP: 58
Per cent of world consumer market: 0.82
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World's 25 largest consumer markets!
19. Poland
HFCE: $263,048 millions
Per cent of GDP: 61
Per cent of world consumer market: 0.75
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World's 25 largest consumer markets!
20. Belgium
HFCE: $246,983 millions
Per cent of GDP: 52
Per cent of world consumer market: 0.71
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World's 25 largest consumer markets!
21. Greece
HFCE: $242,266 millions
Per cent of GDP: 75
Per cent of world consumer market: 0.69
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World's 25 largest consumer markets!
22. Venezuela
HFCE: $209,194 millions
Per cent of GDP: 64
Per cent of world consumer market: 0.60
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World's 25 largest consumer markets!
23. Austria
HFCE: $206,998 millions
Per cent of GDP: 54
Per cent of world consumer market: 0.59
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World's 25 largest consumer markets!
24. Sweden
HFCE: $198,064 millions
Per cent of GDP: 49
Per cent of world consumer market: 0.57
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