FINANCIAL NEWS

Consumer spending in UAE to top USD261bn by 2021

14 Aug 2017

(MENAFN) Consumer spending in the UAE will top USD261bn by 2021, growing at a compound annual growth rate of 7.5 percent over the coming five years.

Accordingly, the UAE’s consumer market is driven by a fast-increasing population with high incomes, which are economic fundamentals.

In addition, the UAE consumer spending per household in 2016 reached almost USD103.000, the highest compared with neighboring Gulf nations.

Meanwhile, housing expenditure for UAE consumers was pegged at USD75.7bn, or almost 41 percent of whole spending last year.

MENAFN1408201700450000ID1095727409

MENAFN1408201700450000ID1095727409

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.