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

Luxury and Fashion Our global industry experts explore the key trends shaping consumer preferences that drive fashion and luxury, using timely insights to stay one step ahead of the latest innovations and business strategies.

Long Term Trends Among High-Income Earners in BRIC

4/29/2014
Euromonitor International Profile Picture
Euromonitor International Bio
Share:

EMI_risingCapacity-v1.0

Download as pdf

The high-income population in the BRIC countries of Brazil, Russia, India and China – defined as population with an annual gross income of US$150,000+ – is expected to continue to grow strongly in the long term, expanding by 195% over 2014-2030. However, their share in the population aged 15+ will decline, reflecting the robust expansion and growing incomes of the BRIC middle class. This highlights the rising potential for affordable luxury goods and services in key emerging markets.

Interested in more insights? Subscribe to our content

Latest Insights

Luxury and Fashion: What to Expect in 2023?

Fflur Roberts 01 March 2023

100% Optical 2023

Euromonitor International 31 January 2023

Shop Our Reports

World Market for Duty-Free: Unlocking Value and New Opportunities

The outlook for world duty-free looks rosy, as pent-up demand and the recent reopening of China are powering tourism recovery, despite the headwinds caused by…

View Report

Luxury in Saudi Arabia: The Story of Unlimited Opportunities

The global luxury goods industry is witnessing a recovery, and is expected to reach pre-pandemic levels in 2023. Gulf Council Countries like Saudi Arabia and…

View Report

Competitor Strategies in Personal Accessories

Personal accessories sales growth slowed in 2022, due to a high inflation environment, continuing COVID-19 restrictions in China, and the impact of the war in…

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