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Purchasing power expands


Purchasing power expands

  • All regions show significant gains in income by 2040
  • GDP per capita in OECD nations currently averages about four times that of non-OECD economies
  • China GDP per capita is likely to triple to more than $40,000 by 2040, similar to Europe OECD levels of purchasing power in 2030
  • India GDP per capita is also expected to triple, but will be less than half of China’s level by 2040
  • Africa GDP per capita is expected to increase by 50 percent, still trailing other emerging markets significantly