This report presents the latest consumer confidence survey results. Scores grade collective answers to standardized questions that relate directly to buyers in 25 of the world’s richest countries.
Consumer confidence surveys delve into psychological attitudes and opinions about household finances, the economy in general and key economic components such as inflation, savings and unemployment. Also analyzed are consumer plans to make major purchases of durable products that last over 1 year including real estate and automobiles.
In practical terms, consumer confidence is perceived as a mandatory driver of future spending on goods and services. This business activity in turn keeps an economy growing and therefore avoids economic downturns.
Richest Countries’ Consumer Confidence Compared
The table below displays the consumer confidence survey results for each of the world’s 25 wealthiest nations. Data is for the date shown and also as of 12 months prior, with last column providing the percentage change between the 2 scores.
You can change the presentation order by clicking the triangle icons at the top of each column. Defaulting to the largest economy, the Rank column refers to the relative size of each country in terms of Gross Domestic Product (GDP) on a Purchasing Power Parity basis.
|2||United States||101.53||Jan 2020||100.87||+0.7%|
|9||United Kingdom||100.45||Jan 2020||99.76||+0.7%|
|14||South Korea||100.43||Jan 2020||99.43||+1.0%|
|17||Saudi Arabia||119.00||Dec 2019||110.00||+8.2%|
Consumer confidence scores improved for 11 of these 25 largest economies in terms of GDP on a Purchasing Power Parity basis.
The greatest improvements in consumer confidence over their respective 12-month periods belong to Malaysia (up 8.6%), Saudi Arabia (up 8.2%), Taiwan (up 1.2%), Russia (also up 1.2%) then South Korea (up 1%).
The combined score for all 25 richest nations slipped by an average -5.4%.
Leading the declines in consumer confidence over 12 months were the Philippines (down -71.7%), Nigeria (down -13.2%), India (down -8.1%), Pakistan (down -3.2%, Canada (also down -3.2%) and Thailand (down -1.5%).
Research Reference Materials:
International Monetary Fund, World Economic Outlook, October 2019. Accessed on February 13, 2020
Organisation for Economic Co-operation and Development, Consumer confidence index (CCI). Accessed on February 13, 2020
The Economist, Guide to Economic Indicators: Making Sense of Economics (7th Edition). Accessed on February 13, 2020
theGlobalEconomy.com, Consumer confidence survey by country: the latest data. Accessed on February 13, 2020
The Conference Board, Global Consumer Confidence Unchanged in Q3. Accessed on February 13, 2020
Trading Economics, Economic Indicators by Category. Accessed on February 13, 2020
Wikipedia, Consumer confidence index. Accessed on February 13, 2020