Bangladesh to become 9th largest consumer market globally by 2030: HSBC, Bangladesh is expected to overtake the UK and Germany and thus become the world’s ninth-largest consumer market globally by 2030, according to the proprietary demographic database of HS-BC Global Research.
Bangladesh to become 9th largest consumer market globally by 2030: HSBC
As per the report, Bangladesh is expected to see the fastest growth in its consumer market – that is, the population earning more than US$20 per day in constant PPP terms – in the current decade. It is followed by India, the Philippines, Vietnam, and Indonesia, the report mentioned.
Korea and Japan will see a drop in the overall market by 2030 and in terms of size, mainland China is expected to retain its dominant position as being the biggest consumer market in the world with more than 800m consumers by 2030 and 820m by 2040.
As one of the world’s largest banking and financial services organisations, HS-BC combines unparalleled local insights, global connectivity and professional integrity to deliver the best investment opportunities to the clients and HS-BC stakeholders through fundamental analysis and thought-provoking ideas. HS-BC Global Research plays a key role in this regard.
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