Luxury goods market CAGR GCC 2020, by country

Published by Statista Research Department, Dec 9, 2022
The compound annual growth rate of the luxury goods industry in the United Arab Emirates (UAE) witnessed a 25 percent decrease in 2020 during the COVID-19 pandemic. UAE had the highest exposure to tourists they account for 60 percent of the luxury market spending. The global average decline in that year was 23 percent.

Compound annual growth rate of luxury goods market in the Gulf Cooperation Council countries in 2020, by country

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Release date

April 2021

Region

MENA

Survey time period

2004 to 2020

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