Central America: non-essential consumer spending 2024

Published by Statista Research Department, Aug 22, 2024

In a 2024 survey, over half of Central American consumers indicated that, taking into account the current economic climate, they held back on non-essential expenses. Over 10 percent of consumers stated cutting out non-essential expenses altogether.

Non-essential spending behavior of Central American consumers in 2024

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Release date

April 2024

Region

Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Panama

Survey time period

December 2023 and January 2024

Number of respondents

170 respondents

Age group

18-60 years

Special properties

includes consumers from Panama, Dominica, Costa Rica, Guatemala, Nicaragua, El Salvador, and Honduras

Supplementary notes

The source phrased the question as follows: "Given the current economic climate, which of the following statements best describes your situation with respect to non-essential expenses?"

Non-essential expenses refer to expenses made after paying for essentials and financial commitments.

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