Income and Expenditure

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…

Businesses globally face challenges in consumer markets in the short to medium term, owing to the rising cost of living and increasingly financially cautious consumers. Amidst uncertainty arise opportunities. Income and expenditure insights are…

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…

Ecuador's per capita income is set to rise, driven by Middle Youth influencing luxury spending. While income inequality is expected to decrease, it will remain high in global terms. Social class C will grow rapidly, while social class E will still be…

Brazil's per capita income is set to rise notably over the next five years, with Middle Youth shaping luxury spending patterns. Despite an expected decrease in income inequality, it will remain exceptionally high in global terms. Social class C will…

Although per capita income levels are anticipated to increase at a slower pace than the regional average, incomes in Saudi Arabia will remain relatively high by regional standards over 2021-2040. Comprehensive structural reforms and economic…

Mexico is poised for a notable rise in per capita income over 2022-2027. Mid-Lifers will continue to drive luxury spending trends. Despite a global high in terms of income inequality, social class E will dominate. The Mexico region will remain the…

Significant income inequality and elevated inflation pose challenges to Kenya’s consumer market in the medium term. Discretionary spending is predicted to remain limited, due to the extensive size of social class E. Due to the country’s strong…

Ireland is expected to experience economic growth and increased per capita income over 2022-2027. Later Lifers are projected to dominate the top income group, influencing luxury spending. While income inequality is forecast to increase, poverty rates…

Greece's per capita income is set to rise, driven by Later Lifers influencing luxury spending. Despite an increase in income inequality, it will remain high in global terms. Social class E will grow rapidly, while social class D will remain…

Persisting inflationary pressure is expected to constrain the purchasing power of the German consumers resulting in a slowdown in discretionary spending growth. Nevertheless, in the long term, consumer incomes are set to grow due to rising…

Disposable income per capita is poised to decline in real terms between 2022 and 2027, driven by escalating inflation and unemployment. The trend is predicted to worsen considerably the already significant income inequality, with discretionary…

In 2023, Romania's government increased the minimum wage in response to persistent inflationary pressures. Over 2022-2027, disposable income growth is expected to surpass Eastern European and EU averages, driven by sustained economic development.…