Global Middle Class Expansion in 2024

Global economic changes are reshaping the world's middle class. As of October 27, 2023, a tweet by World of Statistics reveals that 113 million people are projected to join the global middle class in the year 2024. Let's explore this fascinating data and see which countries are contributing to this significant expansion.

113 million people will join the global middle class in 2024:

🇮🇳 India: 33 million
🇨🇳 China: 31 million
🇮🇩 Indonesia: 5 million
🇧🇩 Bangladesh: 5 million
🇻🇳 Vietnam: 4 million
🇵🇰 Pakistan: 3 million
🇵🇭 Philippines: 2 million
🇹🇷 Türkiye: 1 million
🇹🇭 Thailand: 1 million…

— World of Statistics (@stats_feed) October 27, 2023

The data is outlined below in tabular form to provide a more structured view of the countries contributing to the growth of the global middle class:

Country	Projected Middle Class Growth (2024)
India 🇮🇳	33 million
China 🇨🇳	31 million
Indonesia 🇮🇩	5 million
Bangladesh 🇧🇩	5 million
Vietnam 🇻🇳	4 million
Pakistan 🇵🇰	3 million
Philippines 🇵🇭	2 million
Turkey 🇹🇷	1 million
Thailand 🇹🇭	1 million

This projection highlights the dynamic nature of global economics. India and China, two of the world's most populous countries, are set to experience substantial middle-class growth in 2024. This expansion signifies rising income levels and improved living standards for millions of people in these nations.

Indonesia, Bangladesh, Vietnam, Pakistan, Philippines, Turkey, and Thailand are also making significant contributions to this global trend. As more people enter the middle class, it often results in increased consumer spending, which can further boost economic development.

Keep in mind that these projections are subject to change and are influenced by various economic and social factors. It's a testament to the ever-changing nature of our global economy.

For the latest updates and more statistical insights, don't forget to follow World of Statistics.