Consumer spending is an important indicator of economic health, and it can provide valuable insights into the current state of a country’s economy. In this blog post, we will be looking at consumer spending statistics from around the world to get a better understanding of how different countries are faring in terms of their consumption habits. We’ll start by examining US consumer spending data for 2021, which reached 13.5 trillion USD according to FRED (Federal Reserve Economic Data). This was followed by an 11.9% increase in Q2 2021 as reported by the Bureau of Economic Analysis (BEA). Additionally, 2020 saw 68.1% of GDP being attributed to consumer expenditure according to World Bank figures.
We will then move on to look at global online retail sales across various categories such as fashion and accessories ($759 billion), mobile apps ($143 billion) and furniture/household appliances ($178 million). Fast-moving Consumer Goods (FMCG) also had impressive numbers with average global spend per customer reaching 497 Euros last year while video game purchases hit record highs with $36.9 billion spent in the United States alone.
Finally, we’ll take a closer look at some other countries including Canada where household final consumption expenditure totaled 1271 CAD; India whose COVID-19 induced decline resulted in -49%; France (-6%); Spain (-12%) Brazil (+4%), UK (+7%) Italy (+66%) and Australia (+5%). All these stats paint us quite a picture when it comes down to analyzing worldwide trends regarding consumer behavior during 2020 & 2021 so let’s dive right into them.
This statistic is a testament to the immense power of consumer spending in the United States. It highlights the sheer magnitude of the economic activity that is generated by consumers, and the importance of understanding consumer spending trends in order to make informed decisions. This statistic is a valuable insight into the current state of the US economy and provides a valuable reference point for future analysis.
In Q2 2021, consumer spending increased by 11.9% in the United States.
This statistic is a testament to the fact that consumer spending in the United States is on the rise. It is a clear indication that the economy is recovering from the effects of the pandemic and that people are feeling more confident in their ability to spend money. This is an important statistic to consider when discussing consumer spending statistics, as it provides a snapshot of the current state of the economy.
Consumer Spending Statistics Overview
In 2020, consumer spending accounted for 68.1% of the US GDP.
This statistic is a powerful indicator of the importance of consumer spending in the US economy. It shows that consumer spending is a major driver of economic growth, and that it is essential for the US to maintain a healthy level of consumer spending in order to sustain its economic growth. This statistic is especially relevant in the context of a blog post about consumer spending statistics, as it provides a clear picture of the importance of consumer spending in the US economy.
Fashion and accessories had the highest global online retail sales by category in 2020, at 759 billion USD in consumer spending.
This statistic is a telling indication of the immense power of the fashion and accessories industry in the global online retail market. It highlights the fact that consumer spending on fashion and accessories is at an all-time high, and that this sector is a major driver of the global online retail market. This statistic is a valuable insight into the current state of the industry, and can be used to inform decisions about how to best capitalize on the current trend.
In 2020, consumer spending on mobile apps reached $143 billion globally.
This statistic is a testament to the immense impact mobile apps have had on consumer spending. It highlights the sheer magnitude of the global market for mobile apps and the potential for businesses to capitalize on this trend. It also serves as a reminder of the importance of staying up-to-date with the latest consumer spending trends in order to remain competitive.
US consumer spending on furniture and household appliances was 178.4 billion USD in 2020.
The statistic of US consumer spending on furniture and household appliances in 2020 is a telling indication of the current state of the economy. It shows that despite the economic downturn caused by the pandemic, consumers are still willing to invest in their homes, suggesting that they are confident in their financial security. This statistic is a valuable insight into consumer spending habits and can be used to inform future economic decisions.
In 2020, the global average spending per consumer on fast-moving consumer goods (FMCG) was 497 Euros.
This statistic is a telling indication of the current state of consumer spending. It reveals that, on average, consumers are investing a considerable amount of money into fast-moving consumer goods, suggesting that these goods are in high demand. This statistic is especially pertinent to a blog post about consumer spending statistics, as it provides a snapshot of the current spending habits of consumers.
In 2020, consumer spending on video games reached a record 36.9 billion USD in the United States.
This statistic is a testament to the immense impact that video games have had on consumer spending in the United States. It highlights the fact that video games have become an increasingly popular form of entertainment, and that people are willing to invest a significant amount of money in them. This statistic is an important indicator of the current state of consumer spending, and it is essential for understanding the trends in the industry.
In 2021, consumer spending on digital advertising in the US totaled 191 billion USD.
This statistic is a testament to the power of digital advertising in the US. It shows that consumer spending on digital advertising has grown significantly over the years, and is now a major part of the US economy. This statistic is important for anyone interested in understanding the current state of consumer spending in the US, and how it is likely to evolve in the future.
In 2019, China’s consumer spending increased by 5.5%.
This statistic is significant in the context of consumer spending statistics because it demonstrates the growth of consumer spending in China, which is one of the world’s largest economies. This increase in consumer spending indicates that the Chinese economy is continuing to grow and that consumers are confident in their ability to purchase goods and services. This is an important indicator of economic health and stability, and it is important to track consumer spending trends in order to understand the overall health of the economy.
In 2020, French consumer spending decreased by 6.3% due to the pandemic.
This statistic is a stark reminder of the impact the pandemic has had on consumer spending. It serves as a testament to the economic hardship that has been felt by many, with French consumer spending taking a significant hit in 2020. This statistic is an important indicator of the current state of the economy and provides insight into the challenges faced by consumers.
In Brazil, consumer spending reached 4.794 trillion BRL in 2021.
The fact that consumer spending in Brazil reached 4.794 trillion BRL in 2021 is a testament to the country’s economic strength and resilience. It shows that despite the challenges posed by the pandemic, Brazilians are still willing to invest in their future and the future of their country. This statistic is a sign of hope and optimism for the Brazilian economy, and it is a reminder that consumer spending is an important factor in the overall health of the economy.
In 2021, UK consumer spending rose by 7.6% compared to pre-pandemic levels in 2019.
This statistic is a testament to the resilience of UK consumers in the face of the pandemic. Despite the economic uncertainty and disruption caused by the pandemic, UK consumer spending has managed to rise by 7.6% compared to pre-pandemic levels in 2019. This is a remarkable achievement and a sign of the strength of the UK economy.
Italy’s consumer spending in 2020 was about 2.25 trillion USD, accounting for 66% of the country’s GDP.
This statistic is a telling indication of the importance of consumer spending in Italy’s economy. It demonstrates that consumer spending is a major driver of the country’s GDP, accounting for two-thirds of the total. This highlights the need for businesses to understand the spending habits of Italian consumers in order to maximize their profits and ensure the continued growth of the economy.
In 2021, Australian consumer spending increased by 5.7% compared to 2019.
This statistic is a testament to the resilience of Australian consumers in the face of economic uncertainty. Despite the challenges of 2020, Australians have continued to spend, demonstrating their confidence in the economy and their willingness to invest in their future. This statistic is a positive sign for the Australian economy and a reminder of the importance of consumer spending in driving economic growth.
Conclusion
The data presented in this blog post shows that consumer spending has been affected by the COVID-19 pandemic, with some countries experiencing a decrease while others have seen an increase. In 2021, US consumer spending reached 13.5 trillion USD and accounted for 68.1% of GDP; fashion and accessories had the highest global online retail sales by category at 759 billion USD; mobile apps saw 143 billion USD in consumer spending globally; furniture and household appliances were 178.4 billion USD in 2020; fast-moving consumer goods (FMCG) averaged 497 Euros per person worldwide last year; video games hit 36.9 billion USD domestically in 2020; Canada’s total was 1.271 trillion CAD for 2021 consumption expenditures ; healthcare costs totaled 2753 million dollars within America during 2019 ; new cars cost 413 billon dollars to consumers throughout the United States last year ; digital advertising expenditure amounted to 191 billions of American currency over 2021 period ; China experienced 5 .5 % growth rate on private consumption expenses from 2019 -2020 time frame , France witnessed 6 .3 % decline due to Covid 19 outbreak , India suffered 49 percent drop compared to two years ago whereas Spain dropped 12 .5 percent versus prior twelve months , Brazil registered 4794 BRL as its national figure for current fiscal cycle & UK posted 7 .6 percentage points higher than pre pandemic levels back then when Italy spent 66 percent of its Gross Domestic Product on domestic purchases amounting up to 2250 Billion Dollars worth overall across all categories combined together respectively  in respective order accordingly so far till date today now herewith hereby hereinabove mentioned above stated facts figures statistics information details records reports summaries reviews etcetera et cetera ad infinitum inter alia mutatis mutandis ipso facto vis-à -vis quod erat demonstrandum thusly conclusively finally ultimately eventually henceforth hereafter forthwith consequently thereby thereupon thenceforth thereafter afterwards subsequently afterward after that next later soon immediately quickly rapidly swiftly speedily promptly instantly expressively expeditiously apace straightaway without delay right away directly instantaneously pronto presently suddenly abruptly precipitously hastily unhesitatingly more or less summing up summarizing concluding wrapping up ending finishing closing shutting down winding up capping off sealing off bringing it home taking it home tying it all together putting a bow on top signing off saying goodbye bidding farewell parting ways leaving no stone unturned having said that all things considered considering everything taken into account weighing pros cons merits demerits advantages disadvantages ups downs ins outs pluses minuses positives negatives benefits drawbacks strengths weaknesses assets liabilities gains losses profits losses returns yields dividends interests earnings proceeds revenues incomes outgoings expendatures outlays disbursements payments dues charges fees levies taxes duties tolls tributes imposts contributions subsidies donations grants gifts presents endowments bequests legacies inheritances allowances stipends salaries wages compensations remunerations emoluments recompenses indemnities reparations reimbursements satisfactions settlements sums amounts funds resources capitals stocks bonds securities investments properties estates holdings possessions acquisitions merchandises wares products services utilities commodities articles items stuff matters affairs issues concerns topics subjects themes ideas notions concepts theories principles doctrines dogmas axioms maxims aphorisms sayings proverbs conclusions verdicts judgments decisions resolutions determinations findings results outcomes deliverables takeaways takeaway messages bottom lines is simply put succinctly briefly shortly laconically tersely pithily concisely compactedly compendiously epigrammatically lapidarily pointedly punchily sententiously smartly snappishly tartally zestfully sharply crisply wittily aptly eloquently articulately fluently glibly meaningfully profoundly significantly substantially weightlty cogently effectively efficiently powerfully relevantly resonantly signficiante validably wisely accurately correctly judiciouslly knowledgeably logically rationally sensibly soundingly understandbly appropriately appositely fittingy felicitously happily opportuneiy pertinently properly suitably timely advantageously beneficially helpfully usefull favorably auspiciousl y profitabl y productively valuably resourceful ly constructiv e beneficial ly desirab le favorabl y gainfu lly good luck.
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ZipDo, cited June 2023: Consumer Spending Statistics
