Enjoy a 15% discount on all purchases until the 31st of March 2023 using the promo code EOFWEB22 at check out!

Economy Our insights on the global economy, business environment and the world’s major cities inform business strategy and pinpoint opportunities and risks.

BRICs move Towards Better Paying Sectors, Rapidly Increasing Consumer Spending Power

Euromonitor International Profile Picture
Euromonitor International Bio


All of the BRICs are seeing a decline in low paid primary industries such as agriculture, fishing, hunting and forestry work towards higher paid sectors such as construction, transport, communications, trade, hotels and restaurants. This is set to fuel a further rise in the consumer spending power of the BRIC nations, which will see a combined average increase of nearly 60.0% in real terms in their annual disposable incomes from 2013-2020. This will create opportunities for FMCG businesses.


Interested in more insights? Subscribe to our content

Explore More

Shop Our Reports

Occasion Innovation in Snacks: Routine Concepts

As consumers consider and preplan their snack purchases more in lieu of economic challenges, anchoring innovations around consumer routines and need states has…

View Report

Global Industrial Trends

This report provides a global overview of industrial trends from 2022 through to 2027 for the key manufacturing and service sector industries. Insights analyse…

View Report

Global Inflation Tracker: Q1 2023

This report examines inflation levels and drivers globally and in key countries. In 2023, global inflation is expected to ease from its peak in 2022, but…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More