Luxury goods market value GCC 2019-2020

Published by Statista Research Department, Dec 9, 2022
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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Release date

April 2021

Region

MENA

Survey time period

2019 and 2020

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