The luxury sector in Africa generated 6.1 billion U.S. dollars in 2018. By individual markets, South Africa led the ranking, with a revenue of 2.1 billion U.S. dollars. The figure included luxury cars, luxury clothing and accessories, luxury watches, private jets, yachts, and luxury hotels and lodges. In South Africa, Kenya, Egypt, and Morocco, the luxury sector was boosted by a large chain of premium hotels.
Largest luxury markets in Africa as of 2018, by revenue
(in billion U.S. dollars)
According to the source, "wealth refers to the net assets of a person. It includes all their assets (property, cash, equities, business interests) less any liabilities. It includes all property holdings, including primary residences".
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AfrAsia Bank. (September 1, 2019). Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank. "Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars)." Chart. September 1, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank. (2019). Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank. "Largest Luxury Markets in Africa as of 2018, by Revenue (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2019, https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
AfrAsia Bank, Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/ (last visited November 21, 2024)
Largest luxury markets in Africa as of 2018, by revenue (in billion U.S. dollars) [Graph], AfrAsia Bank, September 1, 2019. [Online]. Available: https://www.statista.com/statistics/1182899/largest-luxury-markets-in-africa-by-revenue/
