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Below is a list of the largest consumer markets of the world, according to data from the World Bank. The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending in nominal terms. [1] A large (and especially larger than the whole economy (100% GDP)) percentage typically indicates the existence of an informal economy, at least in terms of income.

Country HFCE
(millions of USD, nominal) 		% of GDP Year
  United States [2] 20,434,569 69% 2023
  European Union 8,762,887 51% 2023
  China 6,720,652 38% 2023
  India [3] 2,372,016 64% 2024
  Japan 2,320,919 55% 2023
  Germany 2,215,427 50% 2023
  United Kingdom 2,000,593 64% 2023
  France 1,526,060 52% 2023
  Brazil 1,311,778 63% 2023
  Italy 1,280,149 59% 2023
  Canada 1,149,319 56% 2023
  Mexico 1,147,583 69% 2023
  Russia 987,401 53% 2023
  Australia 853,774 50% 2023
  South Korea 843,735 49% 2023
  Spain 790,988 58% 2023
  Indonesia 734,858 53% 2023
  Turkey 655,749 58% 2022
   Switzerland 449,583 51% 2023
  Netherlands 435,470 41% 2021
  Poland 434,436 58% 2023
  Saudi Arabia 409,066 37% 2022
  Argentina 402,612 62% 2023
  Philippines 332,439 75% 2022
  Bangladesh 317,538 69% 2022
  Nigeria 314,092 62% 2022
  Belgium 310,875 50% 2023
  Thailand 304,302 53% 2023
  Pakistan 295,688 85% 2022
  Hong Kong 267,992 70% 2023
  Austria 257,599 50% 2023
  Sweden 257,592 43% 2023
  Colombia 251,016 75% 2019
  Malaysia 218,057 60% 2019
  Egypt 214,381 85% 2018
  Iran 212,093 48% 2017
  South Africa 211,693 60% 2019
  Israel 202,887 55% 2018
  Norway 180,832 45% 2019
  Vietnam 178,531 68% 2019
  Chile 177,850 63% 2019
  United Arab Emirates 163,876 39% 2019
  Denmark 161,928 47% 2019
  Romania 159,034 64% 2019
  Portugal 152,462 64% 2019
  Iraq 146,808 63% 2019
  Peru 146,529 65% 2019
  Greece 142,649 68% 2019
  Finland 141,340 53% 2019
  Singapore 133,929 36% 2019
  New Zealand 119,491 57% 2018
  Ireland 118,252 30% 2019
  Czech Republic 116,850 47% 2019
  Ukraine 115,825 75% 2019
  Kazakhstan 94,443 52% 2019
  Kenya 78,786 82% 2019
  Hungary 77,780 48% 2019
  Algeria 74,738 44% 2019
  Morocco 68,985 58% 2019
  Ethiopia 65,875 69% 2019
  Guatemala 65,114 85% 2019
  Ecuador 64,999 61% 2019
  Puerto Rico 64,276 64% 2018
  Dominican Republic 61,884 70% 2019
  Slovakia 59,134 56% 2019
  Sri Lanka 58,216 69% 2019
  Angola 57,124 56% 2018
  Cuba 55,987 56% 2018
  Kuwait 55,109 45% 2018
  Lebanon 46,275 87% 2019
  Ghana 46,241 69% 2019
  Qatar 43,135 24% 2019
  Bulgaria 40,443 60% 2019
  Côte d'Ivoire 39,914 68% 2019
  Myanmar 39,688 52% 2018
  Costa Rica 39,111 63% 2019
  Uruguay 37,225 66% 2019
  Jordan 35,989 85% 2018
  Croatia 35,108 58% 2019
  Serbia 35,023 68% 2019
  Belarus 34,734 55% 2019
  Democratic Republic of the Congo 33,525 71% 2019
  Lithuania 32,921 61% 2019
  Tanzania 31,696 59% 2017
  Uzbekistan 31,528 54% 2019
  Panama 31,335 50% 2017
  Oman 29,685 39% 2019
  Tunisia 28,757 72% 2018
  Bolivia 27,991 68% 2019
  Cameroon 27,906 72% 2019
  Slovenia 27,789 52% 2019
  Azerbaijan 27,251 57% 2019
  Paraguay 25,034 66% 2019
  Uganda 24,373 71% 2019
  El Salvador 22,437 83% 2019
    Nepal 21,284 69% 2019
  Luxembourg 20,968 29% 2019
  Latvia 20,356 60% 2019
  Honduras 20,163 80% 2019
  Cambodia 18,804 69% 2019
  Zimbabwe 18,729 77% 2018
  Senegal 16,153 69% 2019
  Cyprus 15,939 65% 2019
  Estonia 15,293 49% 2019
  Bosnia and Herzegovina 15,283 76% 2019
  Afghanistan 15,051 79% 2019
  Bahrain 14,907 40% 2018
  Macao 13,657 25% 2019
  Sudan 13,653 72% 2019
  Palestine 13,110 90% 2018
  Mali 12,706 73% 2019
  Jamaica 12,558 76% 2019
  Georgia 12,290 69% 2019
  Iceland 12,289 51% 2019
  Albania 12,263 80% 2019
  Zambia 11,675 43% 2018
  Armenia 11,549 84% 2019
  Mauritius 10,666 75% 2019
  Laos 10,383 66% 2016
  Mozambique 10,346 69% 2019
  Burkina Faso 10,124 64% 2019
  Moldova 10,124 85% 2019
  Madagascar 9,942 71% 2019
  Benin 9,850 68% 2019
  Botswana 9,399 51% 2019
  Guinea 9,309 68% 2019
  Niger 9,122 71% 2019
  Namibia 9,052 73% 2019
  Nicaragua 9,025 72% 2019
  Haiti 8,631 102% 2019
  Chad 8,609 76% 2019
  Bahamas 8,568 69% 2018
  North Macedonia 8,224 65% 2019
  Mongolia 7,668 55% 2019
  Rwanda 7,421 73% 2019
  Kyrgyzstan 6,937 82% 2019
  Kosovo 6,697 84% 2019
  Gabon 6,433 39% 2019
  Equatorial Guinea 6,379 58% 2019
  Malta 6,286 43% 2019
  Malawi 6,073 79% 2019
  Tajikistan 5,897 82% 2017
  Mauritania 4,306 57% 2019
  Barbados 4,082 78% 2019
  Sierra Leone 4,043 99% 2018
  Montenegro 3,950 72% 2019
  Liberia 3,915 128% 2019
  Togo 3,590 66% 2019
  Guam 3,455 58% 2018
  Congo 3,351 31% 2019
  Eswatini 3,132 66% 2018
  Brunei 2,755 20% 2019
  US Virgin Islands 2,527 66% 2017
  Guyana 2,495 58% 2019
  Burundi 2,336 78% 2016
  Central African Republic 1,916 86% 2019
  Aruba 1,858 61% 2017
  Lesotho 1,836 75% 2019
  Gambia 1,603 91% 2019
  Bhutan 1,480 60% 2018
  Djibouti 1,473 44% 2019
  Guinea-Bissau 1,346 100% 2019
  Belize 1,287 68% 2019
  Cape Verde 1,220 62% 2019
  Greenland 1,105 36% 2018
  Seychelles 1,085 64% 2019
  Comoros 1,076 91% 2018
  East Timor 1,063 68% 2018
  Northern Mariana Islands 616 47% 2018
  San Marino 570 37% 2017
  American Samoa 472 74% 2018
  Saint Kitts and Nevis 450 43% 2019
  Palau 197 69% 2018
  Marshall Islands 163 74% 2018
  Kiribati 151 77% 2018
World 48,793,177 58% 2018

See also

References

  1. ^ "Household final consumption expenditure (current US$) | Data". data.worldbank.org. Retrieved 7 April 2018.
  2. ^ "Personal Consumption Expenditures". 27 July 2018.
  3. ^ "Market outlook: Where is the Indian market headed in 2023?".

Sources

Retrieved from " https://en.wikipedia.org/?title=List_of_largest_consumer_markets&oldid=1219779436"