Ranked according to the World Bank's 2022 final consumption expenditure data (in current dollars).
20. Republic of Poland
Final consumption expenditures in 2022: $524 billion
The Republic of Poland is a large country in Europe, with a nominal GDP of $844 billion and a per capita GDP of $23,000. In addition to the service sector, the manufacturing and banking sectors also play a vital role in the Polish economy.
19. Republic of Turkey
Final consumption expenditures in 2022: $625 billion
Turkey is an Asian and European country that is a member of the Group of Twenty (G20). With an economy worth $1.14 trillion, Turkey is one of the largest economies in the world.
18. Kingdom of Saudi Arabia
Final consumption expenditures in 2022: $627 billion
Saudi Arabia is a Middle Eastern country and the world's largest supplier of crude oil. Oil powers the Saudi economy, with the main source of revenue coming from dividends paid by Saudi Aramco, the world's largest oil company, to the Saudi government, its majority shareholder.
17. Netherlands
Final consumption expenditures in 2022: $686 billion
The Netherlands is the second European country in the list of countries with the highest consumer spending in the world. As a former colonial country, it has a developed financial market, but was frightened by the April 2024 stock exchange fire.
16. Republic of Indonesia
Final consumption expenditures in 2022: $800 billion
Indonesia is one of the most populous countries in the world, with a population of 279 million within its borders. However, despite having a considerable demographic advantage, it ranks low on our list.
15. Kingdom of Spain
Final consumption expenditures in 2022: $1 trillion
Spain is another former European colonial power. It has a $1.6 trillion economy, a moderate level of income equality, and a high level of human development.
14. Republic of Korea
Final consumption expenditures in 2022: $1.1 trillion
The Republic of Korea, or South Korea, is a prosperous Asian country. It is home to some of the world's largest consumer-facing businesses, such as electronics giant Samsung and automakers like Hyundai and Kia.
13. Commonwealth of Australia
Final consumption expenditures in 2022: $1.1 trillion
Australia is a maritime nation, one of the largest in the world in terms of area, but it is also quite sparsely populated. It has an economy of $1.7 trillion and a GDP per capita of $66,589.
12. United Mexican States
Final consumption expenditures in 2022: $1.1 trillion
Mexico is one of two countries that share a land border with the United States. This allows it to benefit from a close relationship with the U.S. manufacturing industry. Lower-than-expected inflation in 2024 offers hope for a rate cut.
11. Russian Federation
Final consumption expenditures in 2022: $1.4 trillion
Russia is the largest country in the world by land area. As Russia's invasion of Ukraine enters its second year, analysts worry that government spending may be masking Russia's other economic woes.
10. Federative Republic of Brazil
Final consumption expenditures in 2022: $1.5 trillion
Brazil is the most prosperous country in South America, with a GDP of $2.3 trillion. However, GDP per capita of $11,352 is quite low and masks significant income inequality.
9. Canada
Final consumption expenditures in 2022: $1.6 trillion
Canada is the second neighbor of the United States. Its proximity to the United States means that Canadians and Americans often have the same consumption channels and goods to splurge.
8. Italian Republic
Final consumption expenditures in 2022: $1.61 trillion
Italy is a developed country in Europe and a global political power. It has a GDP of $2.3 trillion and a GDP per capita of $39,580.
7. French Republic
Final consumption expenditures in 2022: $2.1 trillion
France is one of the most prosperous countries in the world and one of the few countries that possess nuclear weapons. It has large companies operating in construction, defense, and other critical industries.
6. Republic of India
Final consumption expenditures in 2022: $2.4 trillion
India is the most populous country in the world. It is also one of the fastest-growing economies in Asia, with recent statistics showing that India's economy reached $3.9 trillion.
5. United Kingdom of Great Britain and Northern Ireland
Final consumption expenditures in 2022: $2.5 trillion
The United Kingdom is another prosperous European country. It has played a crucial role in global politics for centuries, and the country's status as a former colonial power and a major player in World War II has allowed it to maintain a considerable role in modern international affairs. The UK economy is worth $3.4 trillion and has been considering interest rate cuts recently as inflation has started to ease.
4. Federal Republic of Germany
Final consumption expenditures in 2022: $2.9 trillion
Germany is the most prosperous country in Europe and the largest economy in Europe. Its GDP is dominated by manufacturing, which has struggled in the post-invasion era due to the restructuring of Germany's energy supply chain, which is overly reliant on cheap Russian gas. The German economy is worth $4.5 trillion and has a GDP per capita of $54,291.
3. Japan
Final consumption expenditure in 2022: $3.2 trillion
Japan is another global power and a major player in the international economy. It is also one of the most technologically advanced countries in the world and one of the few that has the ability to launch payloads into space. While Japan's space agency has yet to launch a manned mission, recent statements by NASA Administrator Bill Nelson indicate that Japan plans to establish a significant lunar exploration partnership with the United States under the space agency's Artemis program.
2. People's Republic of China
Final consumption expenditures in 2022: $9.5 trillion
People's Republic of China = is the second most populous country in the world and the second largest economy in name. Given that China's economy is worth a whopping $18.5 trillion, the fact that its consumer spending reaches $9.5 trillion is not surprising.
1. United States of America
Final consumption expenditure in 2022: $21 trillion
At the top of our list of countries with the highest consumer spending in the world is the United States. The United States has an economy of $28 trillion, ranking first in the world, and because the structure of the American economy is different from China's, the proportion of consumer spending is higher.