Household expenditure on personal care in Finland is measured as a percentage of GDP. The forecast from 2024 to 2028 shows a consistent pattern. In 2024 and 2025, the expenditure is expected to remain steady at 1% of GDP. From 2026 onwards, a slight increase is predicted, with values edging up to 1.1% of GDP, maintaining this level through 2028.
Looking back at 2023, the household expenditure on personal care as a percentage of GDP stood at 1%. The forecasted values reflect a stable expenditure trend with a marginal increase over the five-year period.
Key observations:
- The year-on-year variation between 2023-2025 is 0%, indicating no change in personal care expenditure.
- The year-on-year variation between 2025-2026 is 10%, reflecting a slight increase in expenditure.
- The CAGR over the last five years is minimal, showcasing stable but slightly rising expenditure trends.
Future trends to watch for:
- Economic factors influencing GDP growth, which could affect the percentage spent on personal care.
- Changes in consumer behavior and preferences, influenced by demographic shifts and emerging personal care technologies.
- Inflation rates and their impact on household purchasing power and expenditure priorities.
