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24/10/2024

24/10/2024

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15/09/2024

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07/11/2023

113 Million People Will Join the Global Middle Class in 2024

Every year, over 100 million people enter the global middle class.

Defined by the World Data Lab as someone who spends at least $12 per day (measured in 2017 purchasing power parity), these individuals are typically rising up in developing regions like Asia and Africa.

In this graphic, we’ve created a treemap diagram that shows where the new entrants to this consumer class in 2024 will originate from.

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Where are Millions of New Consumers Coming From?

World Data Lab expects 113 million people to join the global middle class in 2024, with the vast majority coming from Asia.

The following table includes the data we used to create this graphic, at a regional level (figures rounded).

RegionNew Consumers (millions)🌏 Asia91🌍 Africa10🌎 Latin America6🗺️ Rest of World5

Based on these figures, we can conclude that Asia will contribute 81% of new consumers in 2024.

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Highlights from Asia

The following table breaks down Asia’s 91 million new consumers for 2024, by country. Note that only countries which contribute at least 1 million consumers were broken out, with the rest grouped into “Other”.

CountryNew Consumers
(millions)🇨🇳 China31🇮🇳 India33🇮🇩 Indonesia5🇧🇩 Bangladesh5🇻🇳 Vietnam4🇵🇰 Pakistan3🇵🇭 Philippines2🇹🇷 Türkiye1🇹🇭 Thailand1🗺️ Other6

As expected, China and India are projected to be the two biggest sources of additions to the global middle class in 2024. Both countries have massive populations, rising income levels, and high rates of urbanization.

Further down the list we can see Indonesia and Bangladesh adding 5 million consumers each. Both of these countries have an expansive population pyramid

30/10/2023

shopping.com

Books are not just physical collections of pages, but a wealth of knowledge and information. From birth to death, books provide a means for learning and personal growth. With various types of books available, such as comic books, fiction, story books, novels, biographies, and science fiction, readers can gain a diverse range of knowledge and perspectives.

In today's fast-paced world, taking the time to read books can be a powerful way to slow down and gain a deeper understanding of ourselves and the world around us. Whether it be fiction or non-fiction, reading books can allow us to explore new ideas, worlds, and emotions. Additionally, reading books can improve our cognitive abilities such as comprehension, critical thinking, and concentration. Furthermore, reading books can also be a great way to improve our emotional intelligence, as it allows us to understand and relate to the experiences of others. Reading is essential for personal development and enrichment and it should be an integral part of everyone's daily routine.

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30/10/2023

Importance of Reading Books : An other aspect

Reading books is an essential activity that can have a profound impact on one's personal and professional growth. Not only does it improve literacy and language skills, but it also helps to expand one's knowledge and understanding of the world. Additionally, reading books can promote empathy and emotional intelligence, as it allows individuals to experience and understand different perspectives and emotions. Furthermore, reading books can be a great way to relax and unwind, providing a much-needed escape from the stresses of daily life.

The benefits of reading books are numerous and well-documented. For children, reading books can help to develop their language skills, improve their vocabulary, and foster a love of learning. For adults, reading books can help to keep the mind sharp, improve memory, and reduce stress. Additionally, reading books can be a great way to stay informed and engaged with the world, as well as to learn new skills and gain new perspectives. Furthermore, reading books is an inexpensive and accessible way to improve one's overall well-being and quality of life

30/10/2023

books.com
In terms of literature, books are a medium that stores information in the form of text and pictures. They are powerful tools that can have a transformative impact on a person's life. Books are like a person's best friend, always available to provide knowledge and support, whenever and wherever needed

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