This statistic compares the annual consumer spending on personal luxury products in China and the rest of the world in selected years from 2008 to 2018, with projections up until 2025. Chinese consumers spent around 770 billion yuan on luxury goods in 2018 and the expenditure was forecasted to exceed 1.2 trillion yuan by 2025.
Annual consumer expenditure on personal luxury goods in China and worldwide from 2008 to 2018 with a forecast until 2025 (in billion yuan)
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Further Content: You might find this interesting as well
WalktheChat. (April 1, 2019). Annual consumer expenditure on personal luxury goods in China and worldwide from 2008 to 2018 with a forecast until 2025 (in billion yuan) [Graph]. In Statista. Retrieved April 17, 2024, from https://www.statista.com/statistics/977803/chinese-and-global-spending-on-luxury-goods/
WalktheChat. "Annual consumer expenditure on personal luxury goods in China and worldwide from 2008 to 2018 with a forecast until 2025 (in billion yuan)." Chart. April 1, 2019. Statista. Accessed April 17, 2024. https://www.statista.com/statistics/977803/chinese-and-global-spending-on-luxury-goods/
WalktheChat. (2019). Annual consumer expenditure on personal luxury goods in China and worldwide from 2008 to 2018 with a forecast until 2025 (in billion yuan). Statista. Statista Inc.. Accessed: April 17, 2024. https://www.statista.com/statistics/977803/chinese-and-global-spending-on-luxury-goods/
WalktheChat. "Annual Consumer Expenditure on Personal Luxury Goods in China and Worldwide from 2008 to 2018 with a Forecast until 2025 (in Billion Yuan)." Statista, Statista Inc., 1 Apr 2019, https://www.statista.com/statistics/977803/chinese-and-global-spending-on-luxury-goods/
WalktheChat, Annual consumer expenditure on personal luxury goods in China and worldwide from 2008 to 2018 with a forecast until 2025 (in billion yuan) Statista, https://www.statista.com/statistics/977803/chinese-and-global-spending-on-luxury-goods/ (last visited April 17, 2024)
Annual consumer expenditure on personal luxury goods in China and worldwide from 2008 to 2018 with a forecast until 2025 (in billion yuan) [Graph], WalktheChat, April 1, 2019. [Online]. Available: https://www.statista.com/statistics/977803/chinese-and-global-spending-on-luxury-goods/