The value of the luxury goods industry in the Gulf Cooperation Council (GCC) countries dropped to about 7.46 billion U.S. dollars in 2020 during the COVID-19 pandemic. This was a 17 percent decrease in the region compared to the global average decline in that year of 23 percent.
Luxury goods market value in the Gulf Cooperation Council countries post the COVID-19 pandemic in 2019 and 2020
(in billion U.S. dollars)
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Value in billion U.S. dollars
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Bain & Company. (April 14, 2021). Luxury goods market value in the Gulf Cooperation Council countries post the COVID-19 pandemic in 2019 and 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1237125/gcc-luxury-goods-market-value-post-covid-19/
Bain & Company. "Luxury goods market value in the Gulf Cooperation Council countries post the COVID-19 pandemic in 2019 and 2020 (in billion U.S. dollars)." Chart. April 14, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1237125/gcc-luxury-goods-market-value-post-covid-19/
Bain & Company. (2021). Luxury goods market value in the Gulf Cooperation Council countries post the COVID-19 pandemic in 2019 and 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1237125/gcc-luxury-goods-market-value-post-covid-19/
Bain & Company. "Luxury Goods Market Value in The Gulf Cooperation Council Countries Post The Covid-19 Pandemic in 2019 and 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Apr 2021, https://www.statista.com/statistics/1237125/gcc-luxury-goods-market-value-post-covid-19/
Bain & Company, Luxury goods market value in the Gulf Cooperation Council countries post the COVID-19 pandemic in 2019 and 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1237125/gcc-luxury-goods-market-value-post-covid-19/ (last visited July 22, 2024)
Luxury goods market value in the Gulf Cooperation Council countries post the COVID-19 pandemic in 2019 and 2020 (in billion U.S. dollars) [Graph], Bain & Company, April 14, 2021. [Online]. Available: https://www.statista.com/statistics/1237125/gcc-luxury-goods-market-value-post-covid-19/