Europe: Expenditure on clothing and footwear per capita 2012-2029

Per capita consumer spending on clothing and footwear in Europe is forecast to grow continuously by a total of USD 0.1k (+12.35%) from 2024 to 2029. After nine consecutive years of growth, per capita spending on fashion is forecast to reach a new peak in 2029, reaching USD 0.93k.
Consumer expenditure, in this case per capita expenditure on clothing and footwear, refers to domestic demand of private households and non-profit associations serving households (NPISH). It does not include expenditure by businesses and governments. The forecast is adjusted for the expected impact of COVID-19. Consumer expenditure is the largest component of gross domestic product when calculated on an expenditure basis in the context of national accounts. Other components of this approach are national consumption expenditure, gross domestic investment, and net exports of goods and services. Consumer expenditure is classified according to the United Nations Classification of Personal Consumption by Purpose (COICOP). The data shown generally conforms to group 03. As not all countries and territories report data in a uniform way, all data shown here have been processed by Statista to allow the greatest possible level of comparability. The underlying input data are usually household surveys conducted by government agencies, which track the expenditure of a particular household over a specific period of time. The data are presented in nominal terms, i.e. monetary data are valued at the prices of the respective year and no inflation adjustments have been made. For future years, price levels have also been projected. Data has been converted from local currency to US dollars using the average exchange rate for each year. For forecast years, exchange rates have also been projected. Thus, the timeline incorporates the effects of currency.



Source link