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Largest consumer markets in the world
Emerging economies, such as India, are not the only countries witnessing a surge in consumer spending.
Let us take a look at some of the 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.
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Largest consumer markets in the world
India
HFCE: $737,936 millions
Per cent of GDP: 57
Per cent of world consumer market: 2.12
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Largest consumer markets in the world
United States
HFCE: $10,026,400 millions
Per cent of GDP: 71
Per cent of world consumer market: 28.90
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Largest consumer markets in the world
2. Japan
HFCE: $2,952,710 millions
Per cent of GDP: 58
Per cent of world consumer market: 8.51
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Largest consumer markets in the world
3. Germany
HFCE: $1,960,230 millions
Per cent of GDP: 59
Per cent of world consumer market: 5.65
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Largest consumer markets in the world
4. China
HFCE: $1,835,280 millions
Per cent of GDP: 37
Per cent of world consumer market: 5.29
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Largest consumer markets in the world
5. France
HFCE: $1,545,900 millions
Per cent of GDP: 58
Per cent of world consumer market: 4.45
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Largest consumer markets in the world
6. The United Kingdom
HFCE: $1,415,350 millions
Per cent of GDP: 65
Per cent of world consumer market: 4.08
Largest consumer markets in the world
7. Italy
HFCE: $1,266,270 millions
Per cent of GDP: 60
Per cent of world consumer market: 3.65
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Largest consumer markets in the world
9. Brazil
HFCE: $986,498 millions
Per cent of GDP: 63
Per cent of world consumer market: 2.84
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Largest consumer markets in the world
10. Spain
HFCE: $828,5478 millions
Per cent of GDP: 57
Per cent of world consumer market: 2.38
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Largest consumer markets in the world
11. Canada
HFCE: $786,220 millions
Per cent of GDP: 59
Per cent of world consumer market: 2.26
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Largest consumer markets in the world
12. Russia
HFCE: $671,629 millions
Per cent of GDP: 55
Per cent of world consumer market: 1.93
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Largest consumer markets in the world
12. Mexico
HFCE: $582,0379 millions
Per cent of GDP: 67
Per cent of world consumer market: 1.67
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Largest consumer markets in the world
13. Australia
HFCE: $564,99379 millions
Per cent of GDP: 56
Per cent of world consumer market: 1.62
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Largest consumer markets in the world
14. South Korea
HFCE: $452,182 millions
Per cent of GDP: 54
Per cent of world consumer market: 1.30
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Largest consumer markets in the world
15. Turkey
HFCE: $439,678 millions
Per cent of GDP: 72
Per cent of world consumer market: 1.26
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Largest consumer markets in the world
16. The Netherlands
HFCE: $364,781millions
Per cent of GDP: 46
Per cent of world consumer market: 1.05
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Largest consumer markets in the world
17. Indonesia
HFCE: $316,730 millions
Per cent of GDP: 59
Per cent of world consumer market: 0.91
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Largest consumer markets in the world
18. Switzerland
HFCE: $285,311 millions
Per cent of GDP: 58
Per cent of world consumer market: 0.82
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Largest consumer markets in the world
19. Poland
HFCE: $263,048 millions
Per cent of GDP: 61
Per cent of world consumer market: 0.75