List of largest consumer markets
Below is a list of the largest consumer markets of the world, according to data from the World Bank. The countries or economic blocs are sorted by their household final consumption expenditure (HFCE), which represents consumer spending. Values are in nominal terms in U.S. dollars, then adjusted for purchasing power parity (PPP) in constant 2021 international dollars in nominal terms. A larger percentage of GDP cited below (especially larger than the entire economy, i.e., exceeding 100%) typically indicates the existence of an informal economy, at least in terms of income.
List
[edit]| Country | HFCE (millions of USD) | % of GDP | Year | |
|---|---|---|---|---|
| Nominal[1] | 2021 PPP[2] | |||
| World | 60,347,337 | 88,594,034 | 58% | 2023 |
 United States |
19,825,338 | 17,492,831 | 69% | 2024 |
 European Union |
9,592,485 | 11,246,482 | 51% | 2023 |
 China |
7,489,260 | 12,492,677 | 38% | 2023 |
 India |
2,405,796 | 9,019,567 | 60% | 2024 |
 Japan |
2,365,528 | 2,761,237 | 55% | 2022 |
 Germany |
2,259,530 | 2,480,275 | 51% | 2023 |
 United Kingdom |
2,064,938 | 1,960,294 | 62% | 2023 |
 France |
1,628,357 | 1,660,567 | 62% | 2023 |
 Brazil |
1,389,862 | 2,542,830 | 63% | 2024 |
 Italy |
1,342,801 | 1,566,910 | 59% | 2023 |
 Mexico |
1,302,382 | 1,828,035 | 69% | 2024 |
 Canada |
1,181,871 | 1,172,725 | 56% | 2023 |
 Russia |
1,073,210 | 2,938,894 | 53% | 2024 |
 Australia |
897,961 | 790,078 | 50% | 2024 |
 Spain |
879,143 | 1,118,776 | 58% | 2023 |
 South Korea |
838,028 | 1,054,547 | 49% | 2023 |
 Turkey |
786,594 | 1,824,831 | 58% | 2024 |
 Indonesia |
773,553 | 2,042,153 | 53% | 2024 |
 Saudi Arabia |
556,685 | 939,714 | 37% | 2024 |
 Poland |
526,536 | 848,857 | 58% | 2024 |
 Netherlands |
486,434 | 482,624 | 41% | 2023 |
 Switzerland |
456,705 | 315,224 | 51% | 2023 |
 Argentina |
431,270 | 716,218 | 62% | 2024 |
 Philippines |
351,500 | 843,833 | 75% | 2024 |
 Egypt |
340,743 | 1,544,873 | 85% | 2024 |
 Belgium |
324,705 | 332,514 | 50% | 2023 |
 Pakistan |
317,998 | 1,278,949 | 85% | 2024 |
 Bangladesh |
315,690 | 965,487 | 69% | 2024 |
 Thailand |
306,481 | 855,305 | 53% | 2024 |
 Colombia |
306,122 | 633,333 | 75% | 2024 |
 Hong Kong |
274,239 | 303,028 | 70% | 2024 |
 Austria |
267,095 | 282,849 | 50% | 2023 |
 South Africa |
259,561 | 533,101 | 60% | 2024 |
 Malaysia |
256,509 | 707,414 | 60% | 2024 |
 Sweden |
256,062 | 264,518 | 43% | 2023 |
 Israel |
245,632 | 204,257 | 55% | 2023 |
 Romania |
242,994 | 441,000 | 64% | 2024 |
 Vietnam |
235,637 | 700,042 | 68% | 2023 |
 United Arab Emirates |
234,510 | 311,254 | 39% | 2023 |
 Iran |
220,580 | 696,205 | 48% | 2024 |
 Chile |
191,906 | 301,434 | 63% | 2024 |
 Denmark |
185,088 | 158,666 | 47% | 2023 |
 Norway |
182,146 | 172,230 | 45% | 2023 |
 Portugal |
179,660 | 240,363 | 64% | 2023 |
 Peru |
178,072 | 296,875 | 65% | 2024 |
 Singapore |
172,365 | 191,730 | 36% | 2024 |
 Greece |
162,900 | 223,946 | 68% | 2023 |
 Finland |
157,498 | 150,730 | 53% | 2023 |
 Czech Republic |
150,986 | 180,200 | 47% | 2023 |
 Ireland |
147,584 | 124,829 | 30% | 2023 |
 New Zealand |
143,490 | 136,311 | 57% | 2022 |
 Kazakhstan |
134,701 | 324,309 | 52% | 2023 |
 Ukraine |
118,960 | 350,896 | 75% | 2024 |
 Iraq |
115,265 | 231,993 | 63% | 2024 |
 Hungary |
105,154 | 165,065 | 48% | 2023 |
 Algeria |
101,009 | 291,999 | 44% | 2023 |
 Guatemala |
99,589 | 191,968 | 85% | 2024 |
 Ethiopia |
98,127 | 290,926 | 69% | 2022 |
 Puerto Rico |
95,626 | 97,959 | 64% | 2024 |
 Morocco |
94,677 | 200,258 | 58% | 2024 |
 Kenya |
94,000 | 243,684 | 82% | 2024 |
 Dominican Republic |
84,192 | 180,931 | 70% | 2024 |
 Ecuador |
80,881 | 153,969 | 61% | 2024 |
 Slovakia |
78,259 | 102,493 | 56% | 2023 |
 Uzbekistan |
78,122 | 237,943 | 54% | 2024 |
 Ghana |
69,626 | 177,544 | 69% | 2024 |
 Sri Lanka |
67,994 | 190,910 | 69% | 2024 |
 Bulgaria |
64,678 | 118,049 | 60% | 2024 |
 Costa Rica |
60,948 | 78,692 | 63% | 2024 |
 Kuwait |
59,789 | 91,787 | 45% | 2022 |
 Côte d'Ivoire |
57,142 | 132,996 | 68% | 2024 |
 Serbia |
55,895 | 93,846 | 68% | 2024 |
 Cuba |
54,345 | — | 56% | 2020 |
 Croatia |
52,723 | 81,746 | 58% | 2024 |
 Qatar |
45,956 | 49,150 | 24% | 2022 |
 Lithuania |
45,739 | 66,203 | 61% | 2023 |
 Angola |
44,429 | 112,020 | 56% | 2024 |
 Democratic Republic of the Congo |
44,361 | 83,367 | 71% | 2024 |
 Belarus |
43,146 | 147,399 | 55% | 2024 |
 Tanzania |
41,676 | 141,807 | 59% | 2024 |
 Azerbaijan |
41,197 | 101,095 | 57% | 2024 |
 Tunisia |
40,703 | 115,200 | 72% | 2024 |
 Zimbabwe |
40,443 | 34,229 | 77% | 2024 |
 Sudan |
40,272 | 66,954 | 72% | 2024 |
 Oman |
40,069 | 72,382 | 39% | 2023 |
 Panama |
38,892 | 68,250 | 50% | 2023 |
 Cameroon |
38,232 | 102,227 | 72% | 2024 |
 Nepal |
37,051 | 119,439 | 69% | 2024 |
 Jordan |
36,507 | 75,325 | 85% | 2021 |
 Slovenia |
36,181 | 46,962 | 52% | 2023 |
 Uganda |
35,548 | 88,491 | 71% | 2024 |
 Honduras |
31,898 | 56,105 | 80% | 2024 |
 Bolivia |
30,913 | 81,797 | 68% | 2023 |
 Paraguay |
29,776 | 68,477 | 66% | 2024 |
 El Salvador |
28,158 | 49,881 | 83% | 2024 |
 Cambodia |
27,709 | 67,651 | 69% | 2024 |
 Luxembourg |
27,630 | 24,354 | 29% | 2023 |
 Lebanon |
27,314 | 69,226 | 87% | 2023 |
 Syria |
27,119 | 58,444 | — | 2022 |
 Latvia |
26,673 | 38,698 | 60% | 2023 |
 Haiti |
25,179 | 29,384 | 102% | 2024 |
 Georgia |
24,097 | 52,029 | 69% | 2024 |
 Estonia |
21,582 | 24,779 | 49% | 2023 |
 Cyprus |
21,393 | 27,486 | 65% | 2024 |
 Senegal |
21,247 | 50,363 | 69% | 2024 |
 Bosnia and Herzegovina |
19,558 | 36,781 | 76% | 2024 |
 Mali |
19,112 | 54,319 | 73% | 2024 |
 Albania |
18,909 | 28,918 | 80% | 2024 |
 Bahrain |
17,954 | 31,428 | 40% | 2023 |
 Armenia |
17,159 | 36,123 | 84% | 2024 |
 Guinea |
17,082 | 38,565 | 68% | 2024 |
 Afghanistan |
16,821 | 74,088 | 79% | 2023 |
 Nicaragua |
15,882 | 36,802 | 72% | 2024 |
 Moldova |
15,803 | 31,660 | 85% | 2024 |
 Iceland |
15,508 | 11,777 | 51% | 2023 |
 Mozambique |
15,469 | 35,631 | 69% | 2024 |
 Libya |
15,255 | 29,003 | — | 2024 |
 Somalia |
15,014 | 33,539 | — | 2024 |
 Macao |
14,530 | 20,262 | 25% | 2024 |
 Burkina Faso |
14,089 | 40,492 | 64% | 2024 |
 Kyrgyzstan |
13,400 | 38,225 | 82% | 2023 |
 Palestine |
13,097 | 19,530 | 90% | 2024 |
 Zambia |
12,991 | 25,725 | 43% | 2023 |
 Benin |
12,650 | 35,520 | 68% | 2024 |
 Chad |
12,647 | 30,252 | 76% | 2024 |
 Madagascar |
12,163 | 39,210 | 71% | 2024 |
 Mongolia |
11,741 | 32,270 | 55% | 2024 |
 Niger |
11,563 | 31,308 | 71% | 2024 |
 Malta |
11,344 | 14,286 | 43% | 2024 |
 North Macedonia |
11,331 | 25,574 | 65% | 2024 |
 Tajikistan |
10,968 | 31,778 | 82% | 2023 |
 Namibia |
10,598 | 25,342 | 73% | 2024 |
 Mauritius |
10,262 | 20,639 | 75% | 2024 |
 Bahamas |
10,180 | 7,876 | 69% | 2024 |
 Kosovo |
9,395 | 18,918 | 84% | 2024 |
 Rwanda |
9,243 | 34,508 | 73% | 2024 |
 Botswana |
8,788 | 19,572 | 51% | 2024 |
 Togo |
7,770 | 18,743 | 66% | 2024 |
 Congo |
7,452 | 17,123 | 31% | 2024 |
 Gabon |
7,023 | 12,823 | 39% | 2024 |
 Equatorial Guinea |
6,755 | 13,261 | 58% | 2024 |
 Sierra Leone |
6,612 | 23,583 | 99% | 2024 |
 Montenegro |
6,155 | 11,180 | 72% | 2024 |
 Mauritania |
5,893 | 15,755 | 57% | 2023 |
 French Polynesia |
4,509 | — | — | 2023 |
 Brunei |
4,407 | 9,833 | 20% | 2024 |
 Guam |
4,140 | 3,484 | 58% | 2022 |
 Bermuda |
4,094 | 2,617 | — | 2024 |
 Fiji |
3,900 | 7,725 | — | 2023 |
 Maldives |
3,388 | 4,687 | — | 2023 |
 US Virgin Islands |
3,221 | 2,893 | 66% | 2022 |
 Djibouti |
2,984 | 5,913 | 44% | 2024 |
 Eswatini |
2,946 | 7,530 | 66% | 2023 |
 Central African Republic |
2,604 | 5,643 | 86% | 2024 |
 Gambia |
2,086 | 6,343 | 91% | 2024 |
 Cape Verde |
2,068 | 3,417 | 62% | 2024 |
 Burundi |
1,997 | 7,931 | 78% | 2023 |
 Lesotho |
1,967 | 5,582 | 75% | 2023 |
 Belize |
1,928 | 3,054 | 68% | 2023 |
 Aruba |
1,900 | 2,110 | 61% | 2023 |
 Bhutan |
1,794 | 5,698 | 60% | 2023 |
 Guinea-Bissau |
1,632 | 4,039 | 100% | 2024 |
 Seychelles |
1,616 | 2,301 | 64% | 2024 |
 Comoros |
1,602 | 2,582 | 91% | 2024 |
 Faroe Islands |
1,585 | 1,493 | — | 2023 |
 East Timor |
1,457 | 2,901 | 68% | 2023 |
 Greenland |
1,084 | 1,299 | 36% | 2023 |
 Solomon Islands |
966.84 | 1,074 | — | 2022 |
 Samoa |
862.64 | 1,087 | — | 2024 |
 Vanuatu |
795.40 | 694.38 | — | 2022 |
 Northern Mariana Islands |
726.00 | 739.50 | 47% | 2022 |
 San Marino |
650.01 | 793.23 | 37% | 2022 |
 American Samoa |
621.00 | 613.38 | 74% | 2022 |
 Tonga |
547.64 | 630.48 | — | 2023 |
 Kiribati |
273.19 | 415.88 | 77% | 2022 |
 Palau |
198.78 | 207.69 | 69% | 2022 |
 Marshall Islands |
183.22 | 170.13 | 74% | 2023 |
See also
[edit]- List of countries by Human Development Index
- List of countries by GDP (nominal)
- List of countries by GDP (PPP)
- List of countries by GDP (nominal) per capita
- List of countries by GDP (PPP) per capita
- List of countries and dependencies by population
- List of sovereign states by percentage of population living in poverty
References
[edit]- ↑ "Household final consumption expenditure (current US$) | Data". data.worldbank.org. Retrieved 7 April 2018.
- ↑ "Households and NPISHs Final consumption expenditure, PPP (constant 2021 international $)". World Bank Open Data. Retrieved 27 January 2025.
Sources
[edit]Economic classification of countries | |||||
|---|---|---|---|---|---|
| Three/Four-World Model | |||||
| Gross domestic product (GDP) |
| ||||
| Gross national income and Income | |||||
| Wages and salary | |||||
| Wealth | |||||
| Other national accounts | |||||
| Human development | |||||
| Digital divide | |||||
| Net international investment position (NIIP) | |||||
