Consumer Spending Global Outlook

Consumer Spending – Global Outlook

A. Estimated Consumer Spending
2015

Total                                       $45trn   = 100% of global consumer spending (60% of World GDP)

Advanced Economies           $30trn   = 2/3 of consumer spending (40% of World GDP)

Emerging economies            $15trn   = 1/3 of idem (20% of World GDP)

2025

Total                                       $72trn  = 100% of consumer spend & 66% of GDP

Advanced Economies           $36trn   = 50% of total consumer spend (33% of World GDP)

Emerging Economies           $36trn   = 50% of idem (33% of World GDP)

B. Estimated World Gross Domestic Product (GDP – USD trn)
2015

World GDP                             $75trn (100% of World GDP)

Advanced economies            $45trn (60% of World GDP)

Emerging economies            $30trn (40% of World GDP)

World GDP                             $110trn (100% of World GDP)

Advanced economies            $55trn (50% of World GDP)

Emerging economies            $55trn (50% of World GDP)

Conclusion: Emerging economies will boost economic growth and consumer spending
C. Consumer Spending – Determinants of change           

Demographic  

    • continued growth emerging and low-income countries
    • changing age structure (age groups, median age)
    • demographic movements around the globe
    • urbanisation
    • a growing middle class of consumers

Economic

    • economic outlook
    • consumer confidence
    • consumer behaviour and attitude
    • total income (GDP – nominal, PPP)
    • average income (GDP per capita – nominal, PPP)
    • disposable income (= avg minus taxes)
    • idem households
    • unemployment
    • inflation
    • currency exchange rates (fluctuations)

 Technological progress

    • in all areas related to consumer spending in particular the further penetration and integration of online, mobile and social networks

 

D. Definitions and further clarification

 


 

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