The compound annual growth rate of the luxury goods industry in the Gulf Cooperation Council (GCC) countries witnessed a 17 percent decrease in 2020 during the COVID-19 pandemic. The global average decline in that year was 23 percent.
Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020
Characteristic
CAGR of luxury goods
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Bain & Company. (April 14, 2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company. "Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020." Chart. April 14, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company. (2021). Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company. "Compound Annual Growth Rate of Luxury Goods Market in The Gulf Cooperation Council Countries from 2004 to 2020." Statista, Statista Inc., 14 Apr 2021, https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/
Bain & Company, Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020 Statista, https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/ (last visited July 22, 2024)
Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries from 2004 to 2020 [Graph], Bain & Company, April 14, 2021. [Online]. Available: https://www.statista.com/statistics/1237081/gcc-cagr-luxury-goods/