Question: Which Country Is The Largest Consumer?

Is China the largest market in the world?

LONDON — China’s retail market is expected to overtake the U.S.

and become the world’s largest one as early as this year, eMarketer finds.

….

Is China the largest consumer market?

China is expected to surpass the US as the world’s largest consumer market this year or next year, said Shanghai Securities News, citing experts on Friday. … Chinese people spent 33.1 billion yuan on cosmetics, surging 16.8 percent year-on-year in November. In the first eleven months, the figure totaled 270 billion yuan.

Which industry makes the most money?

Money is flooding into these 10 industries that are adding jobs and thrivingTechnology. Forecasted revenue growth: 1.9 percent.Health. Forecasted revenue growth: 2.3 percent. … Energy. Forecasted revenue growth: 8.1 percent. … Media. Forecasted revenue growth: 1.8 percent. … Consumer retail. … Construction. … Hospitality. … Finance. … More items…•

Which industry makes the most money in the world?

Highest-Paying IndustriesHighest Paying Industries Sort by: Wages: High to Low Wages: Low to High Industry: A to Z Industry: Z to ARankIndustryAverage Annual Wages1Portfolio Management$288,7792Investment Banking and Securities Dealing$279,4803Electronic Computer Manufacturing$246,4197 more rows

Who are the heaviest drinkers in the world?

TOP 10 HEAVIEST DRINKING COUNTRIESCzech Republic – 14.4.Seychelles – 13.8.Germany – 13.4.Nigeria – 13.4.Ireland 13.0.Latvia – 12.9.Bulgaria – 12.7.France, Romania and Slovenia (equal at 12.6 litres)More items…•

Do Koreans drink a lot?

South Koreans drink 13.7 shots of liquor per week on average, which is the most in the world. … South Korea’s unparalleled liquor consumption is almost entirely due to the country’s love for a certain fermented rice spirit called Soju. The South Korean liquor accounts for 97% of the country’s spirits market.

Who is the biggest spender in the world?

ChinaBoth emerging and advanced economies fuelled growth, led by the United States which spent US$ 12 billion more on travel abroad. China spent US$ 8 billion more, consolidating its leadership as the biggest spender in the world.

How big is the Chinese consumer market?

China’s consumer market is set to expand by about 12% every year (in US dollar terms) to reach a value of $8.4 trillion by 2022. The increase in the scale of consumer demand over just these five years is twice the current total size of UK consumer spending.

Which industry will grow in 2020?

Fastest Growing Industries in the US in 2020Cough & Cold Medicine Manufacturing OTC. … 3D Printing & Rapid Prototyping Services. … Hydraulic Fracturing Services. … Autonomous Underwater Vehicle Manufacturing. … Stock & Commodity Exchanges in the US. … Medical & Recreational Marijuana Growing. … Massage Franchises.More items…

Which countries are the biggest consumers?

List of largest consumer marketsCountryHFCE (millions of USD, nominal)% of GDPUnited States13,998,66668%European Union8,300,05554%China5,352,54539%Japan2,756,91956%74 more rows

What country buys the most stuff?

Who spends the most online?RankCountryEcommerce Spend Per Capita#1United Kingdom$4,201#2United States$3,428#3South Korea$2,591#4France$1,9466 more rows•Nov 8, 2018

Which country consumes the most alcohol?

BelarusBelarus had the world’s highest level of alcohol consumption, with 17.5 liters of alcohol consumed per capita. The country’s high level of consumption has had serious health consequences on its residents.

What is the biggest industry in the world?

The 10 Global Biggest Industries by RevenueGlobal Oil & Gas Exploration & Production. … Global Commercial Real Estate. … Global Car & Automobile Sales. … Global Car & Automobile Manufacturing. $2,976,5B.Global Direct General Insurance Carriers. $2,535,2B.Global Commercial Banks. $2,341,0B.Global Auto Parts & Accessories Manufacturing. $1,872,8B.Global Tourism. $1,541,0B.More items…

What is America’s biggest import?

What Are the Major U.S. Imports?Machinery (including computers and hardware) – $386.4 billion.Electrical machinery – $367.1 billion.Vehicles and automobiles – $306.7 billion.Minerals, fuels, and oil – $241.4 billion.Pharmaceuticals – $116.3 billion.Medical equipment and supplies – $93.4 billion.More items…•

What 5 countries do we import the most from?

The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.

Where is the world’s largest market?

The United StatesThe United States: A Market and A Platform. The United States offers the largest consumer market on earth with a GDP of $20 trillion and 325 million people. Household spending is the highest in the world, accounting for more than a quarter of global household consumption.

How large is the Chinese market?

As of October 12, 2020, the total market capitalization of Mainland Chinese stock markets, consisting of the Shanghai Stock Exchange and Shenzhen Stock Exchange, topped USD 10 trillion, excluding the Hong Kong Stock Exchange, with about USD 5.9 trillion.

What country has the lowest drinking age?

ItalyItaly has set a minimum legal drinking age at 16 years, one of the lowest MLDA in the world.