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 | This article needs to be updated. (April 2023) |
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 |
|---|---|---|---|
 United States[2]
|
18,597,973 | 69% | 2023 |
 European Union
|
8,762,887 | 51% | 2023 |
 China
|
6,720,652 | 38% | 2023 |
 Japan
|
2,320,919 | 55% | 2023 |
 India[3]
|
2,316,866 | 62% | 2023 |
 Germany
|
2,215,427 | 50% | 2023 |
 United Kingdom
|
2,000,593 | 64% | 2023 |
 France
|
1,526,060 | 52% | 2023 |
 Brazil
|
1,311,778 | 63% | 2023 |
 Italy
|
1,280,149 | 59% | 2023 |
 Canada
|
1,149,319 | 56% | 2023 |
 Mexico
|
1,147,583 | 69% | 2023 |
 Russia
|
1,110,145 | 53% | 2023 |
 Australia
|
853,774 | 50% | 2023 |
 South Korea
|
843,735 | 49% | 2023 |
 Spain
|
790,988 | 58% | 2023 |
 Indonesia
|
734,858 | 53% | 2023 |
 Turkey
|
655,749 | 58% | 2022 |
 Switzerland
|
449,583 | 51% | 2023 |
 Netherlands
|
435,470 | 41% | 2021 |
 Poland
|
434,436 | 58% | 2023 |
 Saudi Arabia
|
409,066 | 37% | 2022 |
 Argentina
|
402,612 | 62% | 2023 |
 Philippines
|
332,439 | 75% | 2022 |
 Bangladesh
|
317,538 | 69% | 2022 |
 Nigeria
|
314,092 | 62% | 2022 |
 Belgium
|
310,875 | 50% | 2023 |
 Thailand
|
304,302 | 53% | 2023 |
 Pakistan
|
295,688 | 85% | 2022 |
 Hong Kong
|
267,992 | 70% | 2023 |
 Austria
|
257,599 | 50% | 2023 |
 Sweden
|
257,592 | 43% | 2023 |
 Colombia
|
251,016 | 75% | 2019 |
 Malaysia
|
218,057 | 60% | 2019 |
 Egypt
|
214,381 | 85% | 2018 |
 Iran
|
212,093 | 48% | 2017 |
 South Africa
|
211,693 | 60% | 2019 |
 Israel
|
202,887 | 55% | 2018 |
 Norway
|
180,832 | 45% | 2019 |
 Vietnam
|
178,531 | 68% | 2019 |
 Chile
|
177,850 | 63% | 2019 |
 United Arab Emirates
|
163,876 | 39% | 2019 |
 Denmark
|
161,928 | 47% | 2019 |
 Romania
|
159,034 | 64% | 2019 |
 Portugal
|
152,462 | 64% | 2019 |
 Iraq
|
146,808 | 63% | 2019 |
 Peru
|
146,529 | 65% | 2019 |
 Greece
|
142,649 | 68% | 2019 |
 Finland
|
141,340 | 53% | 2019 |
 Singapore
|
133,929 | 36% | 2019 |
 New Zealand
|
119,491 | 57% | 2018 |
 Ireland
|
118,252 | 30% | 2019 |
 Czech Republic
|
116,850 | 47% | 2019 |
 Ukraine
|
115,825 | 75% | 2019 |
 Kazakhstan
|
94,443 | 52% | 2019 |
 Kenya
|
78,786 | 82% | 2019 |
 Hungary
|
77,780 | 48% | 2019 |
 Algeria
|
74,738 | 44% | 2019 |
 Morocco
|
68,985 | 58% | 2019 |
 Ethiopia
|
65,875 | 69% | 2019 |
 Guatemala
|
65,114 | 85% | 2019 |
 Ecuador
|
64,999 | 61% | 2019 |
 Puerto Rico
|
64,276 | 64% | 2018 |
 Dominican Republic
|
61,884 | 70% | 2019 |
 Slovakia
|
59,134 | 56% | 2019 |
 Sri Lanka
|
58,216 | 69% | 2019 |
 Angola
|
57,124 | 56% | 2018 |
 Cuba
|
55,987 | 56% | 2018 |
 Kuwait
|
55,109 | 45% | 2018 |
 Lebanon
|
46,275 | 87% | 2019 |
 Ghana
|
46,241 | 69% | 2019 |
 Qatar
|
43,135 | 24% | 2019 |
 Bulgaria
|
40,443 | 60% | 2019 |
 Côte d'Ivoire
|
39,914 | 68% | 2019 |
 Myanmar
|
39,688 | 52% | 2018 |
 Costa Rica
|
39,111 | 63% | 2019 |
 Uruguay
|
37,225 | 66% | 2019 |
 Jordan
|
35,989 | 85% | 2018 |
 Croatia
|
35,108 | 58% | 2019 |
 Serbia
|
35,023 | 68% | 2019 |
 Belarus
|
34,734 | 55% | 2019 |
 Democratic Republic of the Congo
|
33,525 | 71% | 2019 |
 Lithuania
|
32,921 | 61% | 2019 |
 Tanzania
|
31,696 | 59% | 2017 |
 Uzbekistan
|
31,528 | 54% | 2019 |
 Panama
|
31,335 | 50% | 2017 |
 Oman
|
29,685 | 39% | 2019 |
 Tunisia
|
28,757 | 72% | 2018 |
 Bolivia
|
27,991 | 68% | 2019 |
 Cameroon
|
27,906 | 72% | 2019 |
 Slovenia
|
27,789 | 52% | 2019 |
 Azerbaijan
|
27,251 | 57% | 2019 |
 Paraguay
|
25,034 | 66% | 2019 |
 Uganda
|
24,373 | 71% | 2019 |
 El Salvador
|
22,437 | 83% | 2019 |
 Nepal
|
21,284 | 69% | 2019 |
 Luxembourg
|
20,968 | 29% | 2019 |
 Latvia
|
20,356 | 60% | 2019 |
 Honduras
|
20,163 | 80% | 2019 |
 Cambodia
|
18,804 | 69% | 2019 |
 Zimbabwe
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