Income and Expenditure

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regard to which country (or even which region within a country) to enter, which consumer segment to target, which…

Per capita gross income in Norway is set to increase at a moderate rate and remain among the highest regionally through to 2040. The country’s consumer market will continue to recover in the medium term, supported by full economic reopening,…

Chile is anticipated to record expansion of consumer income through to 2040, maintaining its leading position in the region in terms of average gross annual income. The middle class is projected to expand over the forecast period and will remain…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regard to which country (or even which region within a country) to enter, which consumer segment to target, which…

Per capita income levels in Spain are expected to increase at a moderate pace in the long term, just slightly slower than the Western Europe average, stimulated by labour reforms and incoming European funds. In the near term, however, soaring prices…

In Pakistan, per capita income levels are forecast to rise at a slower pace than the Asia Pacific average and remain among the lowest among regional peers by 2040. Lack of skills, a large informal sector, low female employment and slow social…

Bulgarian per capita disposable income is set to almost double over 2021-2040, as wages continue to converge with EU levels. The wealthy and affluent consumer segment is set to more than triple, driving demand for luxury goods in Bulgaria. Generous…

Consumer income is set to increase over 2021-2040, driven by both a rebounding oil sector and the country’s economic diversification efforts. Special Economic Zones are expected to attract investment, while high-value consumption opportunities…

The growth of Turkey’s consumer income is to be facilitated by strong economic development over 2021-2040. Increasing income levels, improving consumer confidence and relatively fast economic recovery after the COVID-19 pandemic are set to support…

Per capita income in Colombia is projected to record solid growth pace, following deterioration during the COVID-19 pandemic and the associated economic recession. While the middle class is projected to expand over forecast period, lowest income…

Bangladesh consumer income is set to more than double over the forecast period, as rapid economic growth will stimulate domestic labour market. The highest earners by 2040 will be middle youth, shaping the high-value consumption trends in the future.…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regard to which country (or even which region within a country) to enter, which consumer segment to target, which…

Consumer income in Portugal will record growth by 2040 supported by economic recovery following the COVID-19 pandemic and expected healthy economic growth. Seniors will remain predominant among the highest income earners, shaping future discretionary…

An educated and skilled labour market and a positive economic outlook will drive the consumer income increase over the forecast period; however, gross income growth is set for a slower pace compared to the developed countries average. Generation Z…

The Danish consumer market witnessed a strong rebound in 2021, thanks to easing COVID-19 restrictions, strong policy support and rising income levels. However, private consumption growth is set to slow in the medium term as economic recovery matures.…

Brazil will remain the largest consumer market in Latin America, despite slow projected income growth though to 2040. Long-term household purchasing power expansion will be limited by looming high unemployment level, low personal savings and robust…

Belgium consumer income is set to grow, fostered by a stable economic outlook and vibrant labour market. Those aged 50-59 will hold the greatest purchasing power in 2040, while seniors will be the highest income-earning cohort. Housing will remain…

Private consumption in Romania is set to grow through to 2040, driven by an expansionary fiscal policy after the COVID-19 pandemic, rising disposable incomes and increased employment opportunities. However, elevated inflation, a robust rise in food…

Persisting economic and political uncertainties, high corruption, a large informal sector and prevailing infrastructure gaps will limit Peruvian income growth over the medium term. Income inequality is projected to remain high, as the lowest-income…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regard to which country (or even which region within a country) to enter, which consumer segment to target, which…