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Consumer Confidence in Top 25 Richest Countries

by D.A. Workman

Power shopping (courtesy of Pixabay.com)
Power shopping (Pixabay)

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.

RankCountryLatestAs ofPriorChange
1China104.37Nov 2019103.41+0.9%
2United States101.53Jan 2020100.87+0.7%
3India89.40Sep 201997.30-8.1%
4Japan99.11Jan 202099.81-0.7%
5Germany100.72Jan 2020101.30-0.6%
6Russia99.78Nov 201998.64+1.2%
7Indonesia100.50Dec 2019100.48+0.02%
8Brazil100.25Jan 2020100.55-0.3%
9United Kingdom100.45Jan 202099.76+0.7%
10France99.88Jan 202099.13+0.8%
11Mexico101.83Dec 2019102.28-0.4%
12Italy100.27Jan 2020100.70-0.4%
13Turkey95.29Jan 202095.09+0.2%
14South Korea100.43Jan 202099.43+1.0%
15Spain99.97Jan 2020100.73-0.8%
16Canada51.50Jan 202053.18-3.2%
17Saudi Arabia119.00Dec 2019110.00+8.2%
18Thailand67.30Jan 202068.30-1.5%
19Australia99.19Jan 2020100.05-0.9%
20Taiwan85.30Jan 202084.28+1.2%
21Poland101.26Jan 2020101.43-0.2%
22Nigeria3.30Dec 20193.80-13.2%
23Pakistan40.59Jan 202041.92-3.2%
24Malaysia93.40Jun 201986.00+8.6%
25Philippines1.30Dec 20194.60-71.7%

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%).

See also Domestic Spending for Top 25 Richest Countries, Business Confidence in Top 25 Richest Countries and Unemployment Rates for Top 25 Richest Countries

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

Filed Under: Special Studies

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