Total consumer spending on clothing and footwear in Europe is forecast to grow continuously from 2024 to 2029, reaching a total of USD 103.3 billion (up 15.12%). After nine consecutive years of growth, fashion spending is expected to reach a new peak in 2029, reaching USD 786.6 billion.
Consumer expenditure, in this case footwear-related expenditure, refers to domestic demand of private households and non-profit entities serving households (NPISHs). 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 broadly conforms to Group 03. As not all countries and territories report data in a uniform manner, 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 years and are not adjusted for inflation. For future years, price levels are also projected. The data have been converted from local currency to US dollars using the average exchange rate for each year. For the forecast years, exchange rates are also projected, so the timeline incorporates the impact of currencies.
Discover more key insights into total consumer spending on apparel and footwear in countries such as Australia, Oceania and the Caribbean.
