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List of largest consumer markets information


Below is a list of the largest consumer markets of the world, according to data from the World Bank. The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending in nominal terms.[1] A large (and especially larger than the whole economy (100% GDP)) percentage typically indicates the existence of an informal economy, at least in terms of income.

Country HFCE
(millions of USD, nominal) 		% of GDP Year
List of largest consumer markets United States[2] 20,434,569 69% 2023
List of largest consumer markets European Union 8,762,887 51% 2023
List of largest consumer markets China 6,720,652 38% 2023
List of largest consumer markets India[3] 2,372,016 64% 2024
List of largest consumer markets Japan 2,320,919 55% 2023
List of largest consumer markets Germany 2,215,427 50% 2023
List of largest consumer markets United Kingdom 2,000,593 64% 2023
List of largest consumer markets France 1,526,060 52% 2023
List of largest consumer markets Brazil 1,311,778 63% 2023
List of largest consumer markets Italy 1,280,149 59% 2023
List of largest consumer markets Canada 1,149,319 56% 2023
List of largest consumer markets Mexico 1,147,583 69% 2023
List of largest consumer markets Russia 987,401 53% 2023
List of largest consumer markets Australia 853,774 50% 2023
List of largest consumer markets South Korea 843,735 49% 2023
List of largest consumer markets Spain 790,988 58% 2023
List of largest consumer markets Indonesia 734,858 53% 2023
List of largest consumer markets Turkey 655,749 58% 2022
List of largest consumer markets  Switzerland 449,583 51% 2023
List of largest consumer markets Netherlands 435,470 41% 2021
List of largest consumer markets Poland 434,436 58% 2023
List of largest consumer markets Saudi Arabia 409,066 37% 2022
List of largest consumer markets Argentina 402,612 62% 2023
List of largest consumer markets Philippines 332,439 75% 2022
List of largest consumer markets Bangladesh 317,538 69% 2022
List of largest consumer markets Nigeria 314,092 62% 2022
List of largest consumer markets Belgium 310,875 50% 2023
List of largest consumer markets Thailand 304,302 53% 2023
List of largest consumer markets Pakistan 295,688 85% 2022
List of largest consumer markets Hong Kong 267,992 70% 2023
List of largest consumer markets Austria 257,599 50% 2023
List of largest consumer markets Sweden 257,592 43% 2023
List of largest consumer markets Colombia 251,016 75% 2019
List of largest consumer markets Malaysia 218,057 60% 2019
List of largest consumer markets Egypt 214,381 85% 2018
List of largest consumer markets Iran 212,093 48% 2017
List of largest consumer markets South Africa 211,693 60% 2019
List of largest consumer markets Israel 202,887 55% 2018
List of largest consumer markets Norway 180,832 45% 2019
List of largest consumer markets Vietnam 178,531 68% 2019
List of largest consumer markets Chile 177,850 63% 2019
List of largest consumer markets United Arab Emirates 163,876 39% 2019
List of largest consumer markets Denmark 161,928 47% 2019
List of largest consumer markets Romania 159,034 64% 2019
List of largest consumer markets Portugal 152,462 64% 2019
List of largest consumer markets Iraq 146,808 63% 2019
List of largest consumer markets Peru 146,529 65% 2019
List of largest consumer markets Greece 142,649 68% 2019
List of largest consumer markets Finland 141,340 53% 2019
List of largest consumer markets Singapore 133,929 36% 2019
List of largest consumer markets New Zealand 119,491 57% 2018
List of largest consumer markets Ireland 118,252 30% 2019
List of largest consumer markets Czech Republic 116,850 47% 2019
List of largest consumer markets Ukraine 115,825 75% 2019
List of largest consumer markets Kazakhstan 94,443 52% 2019
List of largest consumer markets Kenya 78,786 82% 2019
List of largest consumer markets Hungary 77,780 48% 2019
List of largest consumer markets Algeria 74,738 44% 2019
List of largest consumer markets Morocco 68,985 58% 2019
List of largest consumer markets Ethiopia 65,875 69% 2019
List of largest consumer markets Guatemala 65,114 85% 2019
List of largest consumer markets Ecuador 64,999 61% 2019
List of largest consumer markets Puerto Rico 64,276 64% 2018
List of largest consumer markets Dominican Republic 61,884 70% 2019
List of largest consumer markets Slovakia 59,134 56% 2019
List of largest consumer markets Sri Lanka 58,216 69% 2019
List of largest consumer markets Angola 57,124 56% 2018
List of largest consumer markets Cuba 55,987 56% 2018
List of largest consumer markets Kuwait 55,109 45% 2018
List of largest consumer markets Lebanon 46,275 87% 2019
List of largest consumer markets Ghana 46,241 69% 2019
List of largest consumer markets Qatar 43,135 24% 2019
List of largest consumer markets Bulgaria 40,443 60% 2019
List of largest consumer markets Côte d'Ivoire 39,914 68% 2019
List of largest consumer markets Myanmar 39,688 52% 2018
List of largest consumer markets Costa Rica 39,111 63% 2019
List of largest consumer markets Uruguay 37,225 66% 2019
List of largest consumer markets Jordan 35,989 85% 2018
List of largest consumer markets Croatia 35,108 58% 2019
List of largest consumer markets Serbia 35,023 68% 2019
List of largest consumer markets Belarus 34,734 55% 2019
List of largest consumer markets Democratic Republic of the Congo 33,525 71% 2019
List of largest consumer markets Lithuania 32,921 61% 2019
List of largest consumer markets Tanzania 31,696 59% 2017
List of largest consumer markets Uzbekistan 31,528 54% 2019
List of largest consumer markets Panama 31,335 50% 2017
List of largest consumer markets Oman 29,685 39% 2019
List of largest consumer markets Tunisia 28,757 72% 2018
List of largest consumer markets Bolivia 27,991 68% 2019
List of largest consumer markets Cameroon 27,906 72% 2019
List of largest consumer markets Slovenia 27,789 52% 2019
List of largest consumer markets Azerbaijan 27,251 57% 2019
List of largest consumer markets Paraguay 25,034 66% 2019
List of largest consumer markets Uganda 24,373 71% 2019
List of largest consumer markets El Salvador 22,437 83% 2019
List of largest consumer markets   Nepal 21,284 69% 2019
List of largest consumer markets Luxembourg 20,968 29% 2019
List of largest consumer markets Latvia 20,356 60% 2019
List of largest consumer markets Honduras 20,163 80% 2019
List of largest consumer markets Cambodia 18,804 69% 2019
List of largest consumer markets Zimbabwe 18,729 77% 2018
List of largest consumer markets Senegal 16,153 69% 2019
List of largest consumer markets Cyprus 15,939 65% 2019
List of largest consumer markets Estonia 15,293 49% 2019
List of largest consumer markets Bosnia and Herzegovina 15,283 76% 2019
List of largest consumer markets Afghanistan 15,051 79% 2019
List of largest consumer markets Bahrain 14,907 40% 2018
List of largest consumer markets Macao 13,657 25% 2019
List of largest consumer markets Sudan 13,653 72% 2019
List of largest consumer markets Palestine 13,110 90% 2018
List of largest consumer markets Mali 12,706 73% 2019
List of largest consumer markets Jamaica 12,558 76% 2019
List of largest consumer markets Georgia 12,290 69% 2019
List of largest consumer markets Iceland 12,289 51% 2019
List of largest consumer markets Albania 12,263 80% 2019
List of largest consumer markets Zambia 11,675 43% 2018
List of largest consumer markets Armenia 11,549 84% 2019
List of largest consumer markets Mauritius 10,666 75% 2019
List of largest consumer markets Laos 10,383 66% 2016
List of largest consumer markets Mozambique 10,346 69% 2019
List of largest consumer markets Burkina Faso 10,124 64% 2019
List of largest consumer markets Moldova 10,124 85% 2019
List of largest consumer markets Madagascar 9,942 71% 2019
List of largest consumer markets Benin 9,850 68% 2019
List of largest consumer markets Botswana 9,399 51% 2019
List of largest consumer markets Guinea 9,309 68% 2019
List of largest consumer markets Niger 9,122 71% 2019
List of largest consumer markets Namibia 9,052 73% 2019
List of largest consumer markets Nicaragua 9,025 72% 2019
List of largest consumer markets Haiti 8,631 102% 2019
List of largest consumer markets Chad 8,609 76% 2019
List of largest consumer markets Bahamas 8,568 69% 2018
List of largest consumer markets North Macedonia 8,224 65% 2019
List of largest consumer markets Mongolia 7,668 55% 2019
List of largest consumer markets Rwanda 7,421 73% 2019
List of largest consumer markets Kyrgyzstan 6,937 82% 2019
List of largest consumer markets Kosovo 6,697 84% 2019
List of largest consumer markets Gabon 6,433 39% 2019
List of largest consumer markets Equatorial Guinea 6,379 58% 2019
List of largest consumer markets Malta 6,286 43% 2019
List of largest consumer markets Malawi 6,073 79% 2019
List of largest consumer markets Tajikistan 5,897 82% 2017
List of largest consumer markets Mauritania 4,306 57% 2019
List of largest consumer markets Barbados 4,082 78% 2019
List of largest consumer markets Sierra Leone 4,043 99% 2018
List of largest consumer markets Montenegro 3,950 72% 2019
List of largest consumer markets Liberia 3,915 128% 2019
List of largest consumer markets Togo 3,590 66% 2019
List of largest consumer markets Guam 3,455 58% 2018
List of largest consumer markets Congo 3,351 31% 2019
List of largest consumer markets Eswatini 3,132 66% 2018
List of largest consumer markets Brunei 2,755 20% 2019
List of largest consumer markets US Virgin Islands 2,527 66% 2017
List of largest consumer markets Guyana 2,495 58% 2019
List of largest consumer markets Burundi 2,336 78% 2016
List of largest consumer markets Central African Republic 1,916 86% 2019
List of largest consumer markets Aruba 1,858 61% 2017
List of largest consumer markets Lesotho 1,836 75% 2019
List of largest consumer markets Gambia 1,603 91% 2019
List of largest consumer markets Bhutan 1,480 60% 2018
List of largest consumer markets Djibouti 1,473 44% 2019
List of largest consumer markets Guinea-Bissau 1,346 100% 2019
List of largest consumer markets Belize 1,287 68% 2019
List of largest consumer markets Cape Verde 1,220 62% 2019
List of largest consumer markets Greenland 1,105 36% 2018
List of largest consumer markets Seychelles 1,085 64% 2019
List of largest consumer markets Comoros 1,076 91% 2018
List of largest consumer markets East Timor 1,063 68% 2018
List of largest consumer markets Northern Mariana Islands 616 47% 2018
List of largest consumer markets San Marino 570 37% 2017
List of largest consumer markets American Samoa 472 74% 2018
List of largest consumer markets Saint Kitts and Nevis 450 43% 2019
List of largest consumer markets Palau 197 69% 2018
List of largest consumer markets Marshall Islands 163 74% 2018
List of largest consumer markets Kiribati 151 77% 2018
World 48,793,177 58% 2018
  1. ^ "Household final consumption expenditure (current US$) | Data". data.worldbank.org. Retrieved 7 April 2018.
  2. ^ "Personal Consumption Expenditures". 27 July 2018.
  3. ^ "Market outlook: Where is the Indian market headed in 2023?".

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