The compound annual growth rate of the luxury goods industry in the United Arab Emirates (UAE) witnessed a 25 percent decrease in 2020 during the COVID-19 pandemic. UAE had the highest exposure to tourists they account for 60 percent of the luxury market spending. The global average decline in that year was 23 percent.
Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country
Profit from additional features by authenticating your Admin account
Please authenticate by going to "My account" → "Administration".
Then you will be able to mark statistics as favourites and use personal statistics alerts.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Bain & Company. (April 14, 2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country [Graph]. In Statista. Retrieved January 24, 2022, from https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company. "Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country." Chart. April 14, 2021. Statista. Accessed January 24, 2022. https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company. (2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country. Statista. Statista Inc.. Accessed: January 24, 2022. https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company. "Compound Annual Growth Rate of Luxury Goods Market in The Gulf Cooperation Council Countries in 2020, by Country." Statista, Statista Inc., 14 Apr 2021, https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/
Bain & Company, Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country Statista, https://www.statista.com/statistics/1237114/gcc-cagr-luxury-goods-by-country/ (last visited January 24, 2022)
