But emerging economies are not the only countries witnessing a surge in consumer spending.
Let us take a look at 25 largest consumer markets in the world, according to United Nations Statistics Division.
The countries are sorted by their Household final consumption expenditure, which represents consumer spending in nominal terms.
Click NEXT to see where India stands...
India
HFCE: $737,936 millions
Per cent of GDP: 57
Per cent of world consumer market: 2.12
Click NEXT to see the rest of the top 24 countries...
United States
HFCE: $10,026,400 millions
Per cent of GDP: 71
Per cent of world consumer market: 28.90
...
2. Japan
HFCE: $2,952,710 millions
Per cent of GDP: 58
Per cent of world consumer market: 8.51
...
3. Germany
HFCE: $1,960,230 millions
Per cent of GDP: 59
Per cent of world consumer market: 5.65
...
4. China
HFCE: $1,835,280 millions
Per cent of GDP: 37
Per cent of world consumer market: 5.29
...
5. France
HFCE: $1,545,900 millions
Per cent of GDP: 58
Per cent of world consumer market: 4.45
...
6. The United Kingdom
HFCE: $1,415,350 millions
Per cent of GDP: 65
Per cent of world consumer market: 4.08
7. Italy
HFCE: $1,266,270 millions
Per cent of GDP: 60
Per cent of world consumer market: 3.65
...
9. Brazil
HFCE: $986,498 millions
Per cent of GDP: 63
Per cent of world consumer market: 2.84
...
10. Spain
HFCE: $828,5478 millions
Per cent of GDP: 57
Per cent of world consumer market: 2.38
...
11. Canada
HFCE: $786,220 millions
Per cent of GDP: 59
Per cent of world consumer market: 2.26
...
12. Russia
HFCE: $671,629 millions
Per cent of GDP: 55
Per cent of world consumer market: 1.93
...
12. Mexico
HFCE: $582,0379 millions
Per cent of GDP: 67
Per cent of world consumer market: 1.67
...
13. Australia
HFCE: $564,99379 millions
Per cent of GDP: 56
Per cent of world consumer market: 1.62
...
14. South Korea
HFCE: $452,182 millions
Per cent of GDP: 54
Per cent of world consumer market: 1.30
...
15. Turkey
HFCE: $439,678 millions
Per cent of GDP: 72
Per cent of world consumer market: 1.26
...
16. The Netherlands
HFCE: $364,781millions
Per cent of GDP: 46
Per cent of world consumer market: 1.05
...
17. Indonesia
HFCE: $316,730 millions
Per cent of GDP: 59
Per cent of world consumer market: 0.91
...
18. Switzerland
HFCE: $285,311 millions
Per cent of GDP: 58
Per cent of world consumer market: 0.82
...
19. Poland
HFCE: $263,048 millions
Per cent of GDP: 61
Per cent of world consumer market: 0.75
...
20. Belgium
HFCE: $246,983 millions
Per cent of GDP: 52
Per cent of world consumer market: 0.71
...
21. Greece
HFCE: $242,266 millions
Per cent of GDP: 75
Per cent of world consumer market: 0.69
...
22. Venezuela
HFCE: $209,194 millions
Per cent of GDP: 64
Per cent of world consumer market: 0.60
...
23. Austria
HFCE: $206,998 millions
Per cent of GDP: 54
Per cent of world consumer market: 0.59
...
24. Sweden
HFCE: $198,064 millions
Per cent of GDP: 49
Per cent of world consumer market: 0.57
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