List of largest consumer markets
 | This article needs to be updated. (April 2023) |
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][2] 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) |
HFCE (millions of 2021 USD, PPP) |
% of GDP | Year |
|---|---|---|---|---|
 United States[3]
|
18,822,769 | 17,023,278 | 69% | 2023 |
 European Union
|
9,860,153 | 11,340,422 | 51% | 2023 |
 China
|
6,962,836 | 11,007,395 | 38% | 2023 |
 Japan
|
2,365,527 | 2,731,096 | 55% | 2023 |
 Germany
|
2,215,427 | 2,484,329 | 51% | 2023 |
 France
|
2,155,988 | 1,754,922 | 62% | 2023 |
 India[4]
|
2,140,000 | 8,205,259 | 60% | 2023 |
 United Kingdom
|
2,064,938 | 1,990,949 | 62% | 2023 |
 Brazil
|
1,311,778 | 2,424,490 | 63% | 2023 |
 Italy
|
1,280,149 | 1,576,859 | 59% | 2023 |
 Canada
|
1,149,319 | 1,160,626 | 56% | 2023 |
 Mexico
|
1,147,583 | 1,801,306 | 69% | 2023 |
 Russia
|
937,401 | 2,763,891 | 53% | 2023 |
 Australia
|
853,774 | 772,427 | 50% | 2023 |
 South Korea
|
843,735 | 1,058,788 | 49% | 2023 |
 Spain
|
790,988 | 1,105,988 | 58% | 2023 |
 Indonesia
|
746,235 | 1,942,779 | 53% | 2023 |
 Turkey
|
664,051 | 1,769,045 | 58% | 2022 |
 Switzerland
|
449,583 | 317,283 | 51% | 2023 |
 Netherlands
|
435,470 | 483,426 | 41% | 2021 |
 Poland
|
434,436 | 841,325 | 58% | 2023 |
 Saudi Arabia
|
409,066 | 750,279 | 37% | 2022 |
 Argentina
|
402,612 | 747,900 | 62% | 2023 |
 Philippines
|
334,499 | 804,957 | 75% | 2022 |
 Bangladesh
|
317,538 | 910,912 | 69% | 2022 |
 Nigeria
|
314,092 | − | 62% | 2019 |
 Belgium
|
310,875 | 332,514 | 50% | 2023 |
 Thailand
|
304,302 | 821,166 | 53% | 2023 |
 Pakistan
|
295,688 | 1,201,933 | 85% | 2022 |
 Hong Kong
|
267,992 | 307,271 | 70% | 2023 |
 Austria
|
257,599 | 283,678 | 50% | 2023 |
 Sweden
|
257,592 | 268,164 | 43% | 2023 |
 Colombia
|
251,016 | 632,494 | 75% | 2023 |
 Malaysia
|
218,057 | 673,050 | 60% | 2023 |
 Egypt
|
214,381 | 1,485,954 | 85% | 2023 |
 Iran
|
212,093 | 678,894 | 48% | 2023 |
 South Africa
|
211,693 | 527,654 | 60% | 2023 |
 Israel
|
202,887 | 204,536 | 55% | 2023 |
 Norway
|
180,832 | 172,264 | 45% | 2023 |
 Vietnam
|
178,531 | 699,272 | 68% | 2023 |
 Chile
|
177,850 | 297,517 | 63% | 2023 |
 United Arab Emirates
|
163,876 | 311,254 | 39% | 2023 |
 Denmark
|
161,928 | 158,744 | 47% | 2023 |
 Romania
|
159,034 | 418,698 | 64% | 2023 |
 Portugal
|
152,462 | 240,237 | 64% | 2023 |
 Peru
|
146,529 | 289,286 | 65% | 2023 |
 Greece
|
142,649 | 223,990 | 68% | 2023 |
 Finland
|
141,340 | 151,391 | 53% | 2023 |
 Singapore
|
133,929 | 179,321 | 36% | 2023 |
 New Zealand
|
119,491 | 136,525 | 57% | 2023 |
 Ireland
|
118,252 | 121,801 | 30% | 2023 |
 Czech Republic
|
116,850 | 194,528 | 47% | 2023 |
 Ukraine
|
115,825 | 334,525 | 75% | 2023 |
 Kazakhstan
|
94,443 | 332,514 | 52% | 2023 |
 Iraq
|
91,168 | 218,761 | 63% | 2022 |
 Kenya
|
78,786 | 234,144 | 82% | 2023 |
 Hungary
|
77,780 | 166,319 | 48% | 2023 |
 Algeria
|
74,738 | 291,999 | 44% | 2023 |
 Morocco
|
68,985 | 193,245 | 58% | 2023 |
 Ethiopia
|
65,875 | 264,252 | 69% | 2023 |
 Guatemala
|
65,114 | 181,921 | 85% | 2023 |
 Ecuador
|
64,999 | 153,821 | 61% | 2023 |
 Puerto Rico
|
64,276 | 97,959 | 64% | 2023 |
 Dominican Republic
|
61,884 | 166,817 | 70% | 2023 |
 Slovakia
|
59,134 | 101,589 | 56% | 2023 |
 Sri Lanka
|
58,216 | 181,086 | 69% | 2023 |
 Angola
|
57,124 | 105,234 | 56% | 2023 |
 Cuba
|
55,987 | − | 56% | 2018 |
 Kuwait
|
55,109 | 91,787 | 45% | 2023 |
 Lebanon
|
46,275 | 69,108 | 87% | 2023 |
 Ghana
|
46,241 | 166,075 | 69% | 2023 |
 Qatar
|
43,135 | 49,150 | 24% | 2023 |
 Bulgaria
|
40,443 | 113,599 | 60% | 2023 |
 Côte d'Ivoire
|
39,914 | 120,491 | 68% | 2023 |
 Myanmar
|
39,688 | − | 52% | 2018 |
 Costa Rica
|
39,111 | 74,987 | 63% | 2023 |
 Uruguay
|
37,225 | − | 66% | 2019 |
 Jordan
|
35,989 | 75,325 | 85% | 2023 |
 Croatia
|
35,108 | 76,556 | 58% | 2023 |
 Serbia
|
35,023 | 89,616 | 68% | 2023 |
 Belarus
|
34,734 | 131,592 | 55% | 2023 |
 Democratic Republic of the Congo
|
33,525 | 80,832 | 71% | 2023 |
 Lithuania
|
32,921 | 66,904 | 61% | 2023 |
 Tanzania
|
31,696 | 137,544 | 59% | 2023 |
 Uzbekistan
|
31,528 | 219,647 | 54% | 2023 |
 Panama
|
31,335 | 68,250 | 50% | 2023 |
 Oman
|
29,685 | 69,874 | 39% | 2023 |
 Tunisia
|
28,757 | 112,086 | 72% | 2023 |
 Bolivia
|
27,991 | 81,797 | 68% | 2023 |
 Cameroon
|
27,906 | 98,382 | 72% | 2023 |
 Slovenia
|
27,789 | 47,081 | 52% | 2019 |
 Azerbaijan
|
27,251 | 101,095 | 57% | 2019 |
 Paraguay
|
25,034 | 64,790 | 66% | 2019 |
 Uganda
|
24,373 | 87,918 | 71% | 2019 |
 El Salvador
|
22,437 | 50,822 | 83% | 2019 |
 Nepal
|
21,284 | 118,160 | 69% | 2019 |
 Luxembourg
|
20,968 | 24,814 | 29% | 2019 |
 Latvia
|
20,356 | 36,514 | 60% | 2019 |
 Honduras
|
20,163 | 53,632 | 80% | 2019 |
 Cambodia
|
18,804 | 66,070 | 69% | 2019 |
 Zimbabwe
|
18,729 | 33,771 | 77% | 2018 |
 Senegal
|
16,153 | 49,815 | 69% | 2019 |
 Cyprus
|
15,939 | 27,271 | 65% | 2019 |
 Estonia
|
15,293 | 25,324 | 49% | 2019 |
 Bosnia and Herzegovina
|
15,283 | 36,393 | 76% | 2019 |
 Afghanistan
|
15,051 | 73,951 | 79% | 2019 |
 Bahrain
|
14,907 | 31,328 | 40% | 2018 |
 Macao
|
13,657 | 19,316 | 25% | 2019 |
 Sudan
|
13,653 | 91,503 | 72% | 2019 |
 Palestine
|
13,110 | 29,189 | 90% | 2018 |
 Mali
|
12,706 | 44,144 | 73% | 2019 |
 Jamaica
|
12,558 | − | 76% | 2019 |
 Georgia
|
12,290 | 46,855 | 69% | 2019 |
 Iceland
|
12,289 | 11,799 | 51% | 2019 |
 Albania
|
12,263 | 28,436 | 80% | 2019 |
 Zambia
|
11,675 | 25,725 | 43% | 2018 |
 Armenia
|
11,549 | 33,823 | 84% | 2019 |
 Mauritius
|
10,666 | 19,777 | 75% | 2019 |
 Laos
|
10,383 | − | 66% | 2016 |
 Mozambique
|
10,346 | 37,905 | 69% | 2019 |
 Burkina Faso
|
10,124 | 38,513 | 64% | 2019 |
 Moldova
|
10,124 | 29,925 | 85% | 2019 |
 Madagascar
|
9,942 | 30,005 | 71% | 2019 |
 Benin
|
9,850 | 32,908 | 68% | 2019 |
 Botswana
|
9,399 | 19,219 | 51% | 2019 |
 Guinea
|
9,309 | 36,975 | 68% | 2019 |
 Niger
|
9,122 | 29,977 | 71% | 2019 |
 Namibia
|
9,052 | 22,373 | 73% | 2019 |
 Nicaragua
|
9,025 | 33,601 | 72% | 2019 |
 Haiti
|
8,631 | 30,985 | 102% | 2019 |
 Chad
|
8,609 | 25,915 | 76% | 2019 |
 Bahamas
|
8,568 | − | 69% | 2018 |
 North Macedonia
|
8,224 | 25,415 | 65% | 2019 |
 Mongolia
|
7,668 | 28,583 | 55% | 2019 |
 Rwanda
|
7,421 | 32,561 | 73% | 2019 |
 Kyrgyzstan
|
6,937 | 35,576 | 82% | 2019 |
 Kosovo
|
6,697 | 18,058 | 84% | 2019 |
 Gabon
|
6,433 | 12,502 | 39% | 2019 |
 Equatorial Guinea
|
6,379 | 13,536 | 58% | 2019 |
 Malta
|
6,286 | 13,854 | 43% | 2019 |
 Malawi
|
6,073 | 79% | 2019 | |
 Tajikistan
|
5,897 | 29,145 | 82% | 2017 |
 Mauritania
|
4,306 | 15,755 | 57% | 2019 |
 Barbados
|
4,082 | 7,588 | 78% | 2019 |
 Sierra Leone
|
4,043 | 22,930 | 99% | 2018 |
 Montenegro
|
3,950 | 10,382 | 72% | 2019 |
 Liberia
|
3,915 | − | 128% | 2019 |
 Togo
|
3,590 | 17,782 | 66% | 2019 |
 Guam
|
3,455 | 3,484 | 58% | 2018 |
 Congo
|
3,351 | 16,077 | 31% | 2019 |
 Eswatini
|
3,132 | − | 66% | 2018 |
 Brunei
|
2,755 | 9,288 | 20% | 2019 |
 US Virgin Islands
|
2,527 | 2,893 | 66% | 2017 |
 Guyana
|
2,495 | − | 58% | 2019 |
 Burundi
|
2,336 | 7,931 | 78% | 2016 |
 Central African Republic
|
1,916 | 4,716 | 86% | 2019 |
 Aruba
|
1,858 | 2,111 | 61% | 2017 |
 Lesotho
|
1,836 | 5,582 | 75% | 2019 |
 Gambia
|
1,603 | 6,075 | 91% | 2019 |
 Bhutan
|
1,480 | 5,296 | 60% | 2018 |
 Djibouti
|
1,473 | 4,862 | 44% | 2019 |
 Guinea-Bissau
|
1,346 | 3,668 | 100% | 2019 |
 Belize
|
1,287 | 3,054 | 68% | 2019 |
 Cape Verde
|
1,220 | 3,215 | 62% | 2019 |
 Greenland
|
1,105 | 1,328 | 36% | 2021 |
 Seychelles
|
1,085 | 2,234 | 64% | 2019 |
 Comoros
|
1,076 | 2,348 | 91% | 2018 |
 East Timor
|
1,063 | 2,901 | 68% | 2018 |
 Northern Mariana Islands
|
616 | − | 47% | 2018 |
 San Marino
|
570 | 793 | 37% | 2022 |
 American Samoa
|
472 | − | 74% | 2018 |
 Saint Kitts and Nevis
|
450 | − | 43% | 2019 |
 Palau
|
197 | 208 | 69% | 2023 |
 Marshall Islands
|
163 | 170 | 74% | 2023 |
 Kiribati
|
151 | 416 | 77% | 2018 |
| World | 48,793,177 | 87,163,112 | 58% | 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.
- ^ "Personal Consumption Expenditures". 27 July 2018.
- ^ "World Bank Open Data".
Sources
[edit]Economic classification of countries | |||||
|---|---|---|---|---|---|
| Three/Four-World Model | |||||
| Gross domestic product (GDP) |
| ||||
| Gross national income (GNI) | |||||
| Wages | |||||
| Wealth | |||||
| Other national accounts | |||||
| Human development | |||||
| Digital divide | |||||
| Net international investment position (NIIP) | |||||
