The forecast for consumer goods nominal expenditure in Spain shows a steady upward trend from 2024 to 2028. The expenditure is expected to grow from 359.35 thousand Euros in 2024 to 386.7 thousand Euros in 2028. Comparing the actual value from 2023 at 352.5 thousand Euros, we see a consistent increase year-on-year: 1.9% in 2024, 1.9% in 2025, 1.9% in 2026, 1.8% in 2027, and 1.8% in 2028. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 stands at approximately 1.87%.
Future trends to watch for include:
- Innovations in retail technology driving consumer spending.- The impact of potential economic fluctuations and policy changes on consumer confidence.- Shifts in consumer preferences towards sustainable and ethically produced goods.- The influence of e-commerce growth on traditional retail expenditure.