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CONSUMER-FACING INDUSTRIES

While food will account for the largest share of consumer spending, nonfood sectors will grow faster as incomes increase 2008 $ billion Compound annual growth rate, 2008–20 % Household spending growth, 2008–20 Household spending 2008

Food and beverages

369

175

3.3

Housing

144

101

4.5

Health care

51

32

4.2

Telecom

46

35

4.9

Nonfood consumer goods

97

62

4.2

Banking

28

30

6.2

Education

26

21

4.9

Other

101

60

4.0

Total

861

515

4.0

SOURCE: World Bank World Development Indicators; Euromonitor; McKinsey Global Institute

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