GITNUX MARKETDATA REPORT 2024

Must-Know Global Middle Class Statistics [Current Data]

Statistic 1

"The global middle class is estimated to be around 3.8 billion people, or approximately 48% of the world’s population."

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Statistic 2

"The worldwide middle class is expected to grow by 160 million people per year."

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Statistic 3

"China now represents the largest middle-class population in the world, with 225 million households."

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Statistic 4

"The middle class in Asia accounted for over 40% of the global middle class in 2020."

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Statistic 5

"The African middle class is projected to reach 303 million by 2030."

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Statistic 6

"By 2030, 66% of the global middle-class population is expected to be in Asia."

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Statistic 7

"In 2020, the global middle class spent approximately $35 trillion."

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Statistic 8

"By 2030, it is predicted that middle-class spending will rise to $64 trillion, or about 36% of the global GDP."

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Statistic 9

"Latin America’s middle class grew by 50% from 2003 to 2009."

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Statistic 10

"The global middle class from OECD countries is expected to decline from 61% of the world’s total in 2009 to 49% in 2030."

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Statistic 11

"Europe had a middle class that comprised 26% of its population in 2009."

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Statistic 12

"79% of the global middle class resided in five nations in 2020: China, India, Indonesia, Brazil, and the United States."

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Statistic 13

"By 2030, India is estimated to have the largest middle-class population in the world."

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Statistic 14

"By 2050, Africa’s middle class is projected to make up 42% of the continent’s population."

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Statistic 15

"In the past 50 years, the global middle class has expanded by more than 200% in terms of its purchasing power."

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Statistic 16

"The number of middle-class households in sub-Saharan Africa grew by 75% from 1990 to 2011."

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Statistic 17

"Worldwide, the middle-class population has more than doubled since 2001."

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Statistic 18

"More than 50% of the global middle class could be living in both China and India by 2020."

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