Female consumer spending was expected to reach approximately 40 trillion U.S. dollars worldwide in 2018, an increase from around 29 trillion U.S. dollars in 2013. This large increase of over ten trillion U.S. dollars is no surprise when you consider the fast development of the world’s population.
What is consumer spending?
Consumer spending is what individuals, or households, spend to satisfy their everyday needs. This can include services such as healthcare and banking, as well as durable and non-durable consumer goods. Durable goods are more hardy goods which do not need to be purchased so often, such as kitchen appliances or furniture. Non-durable goods have a shorter lifespan and need to be purchased more frequently, such as food, apparel and toiletries. Consumer spending is a key driving force of economies worldwide.
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Catalyst. (May 20, 2015). Total consumer spending of women worldwide in 2013 and 2018 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved August 18, 2022, from https://www.statista.com/statistics/578492/women-buying-power-worldwide/
Catalyst. "Total consumer spending of women worldwide in 2013 and 2018 (in trillion U.S. dollars) ." Chart. May 20, 2015. Statista. Accessed August 18, 2022. https://www.statista.com/statistics/578492/women-buying-power-worldwide/
Catalyst. (2015). Total consumer spending of women worldwide in 2013 and 2018 (in trillion U.S. dollars) . Statista. Statista Inc.. Accessed: August 18, 2022. https://www.statista.com/statistics/578492/women-buying-power-worldwide/
Catalyst. "Total Consumer Spending of Women Worldwide in 2013 and 2018 (in Trillion U.S. Dollars) ." Statista, Statista Inc., 20 May 2015, https://www.statista.com/statistics/578492/women-buying-power-worldwide/
Catalyst, Total consumer spending of women worldwide in 2013 and 2018 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/578492/women-buying-power-worldwide/ (last visited August 18, 2022)