Central America: expected change in consumer spending 2024, by product category

Published by Statista Research Department, Aug 22, 2024

According to a 2024 survey, half of Central American consumers didn't expect a change in their beauty and personal care spending over the next six months. However, roughly 40 percent of consumers expected a decrease in fashion spending. Roughly six in 10 Central American consumers didn't plan on spending on luxury goods altogether. 

Change in spending behavior of Central American consumers in 2024, by product category

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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: "Thinking about your expenses over the next 6 months, select, to the best of your ability, your spending expectations in the following categories."

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