Income and Expenditure

Income levels in Qatar remain among the highest regionally, with one of the lowest unemployment rates. Nevertheless, economic disparities persist, against the backdrop of the country’s considerable wealth, and there are forecasts indicating an…

In the Czech Republic, gross income is expected to grow in real terms from 2022 to 2027. Late Lifers will dominate the top-income group, influencing luxury spending trends. Income inequality will increase but remain low by global standards. Social…

Ethiopia's consumer income is forecast to grow by nearly one-fifth over 2022-2027, yet still ranking among the world's lowest. Consumer market expansion will face challenges due to soaring inflation, averaging 32% in 2023, as well as severe income…

Incomes in the UAE remain among the highest in the region, supported by robust economic development, a favourable business environment, digitalisation, and government initiatives aimed at attracting investments and skilled labour. The middle-aged…

Uganda is expected to experience significant economic growth from 2022 to 2027, with substantial increases in per capita income. Late Lifers will be the highest earners, influencing luxury spending trends. However, income inequality is projected to…

Incomes in the UAE remain among the highest in the region, supported by robust economic development, a favourable business environment, digitalisation, and government initiatives aimed at attracting investments and skilled labour. The middle-aged…

Moroccan consumer incomes are expected to rise from 2022 to 2027 due to emergence of better job opportunities and increased remittances. However, the growth is set to be slower than regional average, partly due to climate change affecting…

Income growth in Hungary is expected to lag behind the Eastern European average by 2027, given economic uncertainties, decreasing demand, and mounting inflationary pressures. Looking ahead, all income classes in Hungary are projected to decrease as a…

Continued income inequality and rising inflation threaten consumer market development in Ghana. With a significant portion of the population allocating most of their income to necessities, discretionary spending is set to remain limited over the long…

Income growth in Finland is anticipated to be sluggish due to subdued economic growth, although it is expected to maintain a high standing within the EU context. As the lowest income class experiences the fastest expansion among all income classes,…

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…

Argentina’s consumer income growth is projected to record moderate growth through to 2040, dragged down by looming economic recession, persisting high unemployment and a slow rise in real wages. Purchasing power will be concentrated in the hands of…

Algeria's per capita disposable income is projected to rise by 8.6%, driven by ongoing economic growth, reduced unemployment, and increased social support. Nevertheless, a significant gender income gap and high inflation present challenges to…

Tanzania's per capita income is projected to grow in real terms until 2027, driven by robust economic growth. Middle Youth will dominate the highest earning population band, influencing luxury spending. Income inequality is extremely high and…

In 2022, income levels in Bulgaria ranked among the lowest in the Eastern Europe region, despite a notable increase in the minimum wage in both 2022 and 2023. The forecast for income growth in Bulgaria is sluggish, primarily due to ongoing economic…

Consumer incomes are forecast to grow at a fast pace in Bangladesh, but to remain lower compared to the Asia Pacific average. The country's fast economic expansion will contribute to the growth of the high-income class. As a developing country,…

Austrian incomes remain among the highest in Western Europe. However, the government responded to the challenges posed by soaring inflation in 2022 by implementing a substantial anti-inflation relief package to assist those most affected. Going…

In 2022, a recovering tourism sector and lower unemployment rates boosted consumer incomes, while government aid has alleviated the impact of rising energy costs. However, medium-term income growth is predicted to be modest. In 2027, the population…

Despite slower income growth from 2022 to 2027, Singapore will maintain one of the highest per capita income levels in the region. The prevalence of sectors such as finance, tech, healthcare and research are set to continue to sustain higher income…

Myanmar's per capita income is expected to see a modest increase. Middle Youth will continue to shape luxury spending trends. However, income inequality is set to rise to extremely high levels in global terms. Social class A is poised for rapid…