This chapter provides a preliminary data analysis of the consumption patterns of 45 developed and developing countries using time-series data. The annual consumption expenditures and the population for the 45 Asia Pacific and the OECD countries are compiled from the National Accounts of OECD Countries and various individual country Government Statistical Department websites and publications. The chapter presents a summary of the data using various graphical and numerical data analytic techniques in the form of growth rates and Divisa indices. A comparison between the developed and developing groups reveals that for almost all goods, on average, prices in developing countries have grown at a rate more than twice that of developed countries. Another difference worth noting is that while in most developed countries, communication has become cheaper, consumers in developing countries continue to experience increasing prices for the communication.
|Title of host publication||Household Demand for Consumer Goods in Developing Countries|
|Subtitle of host publication||A Comparative Perspective with Developed Countries|
|Editors||Eliyathamby A Selvanathan, Saroja Selvanathan, , Maneka Jayasinghe|
|Place of Publication||London|
|Publisher||Routledge Taylor & Francis Group|
|Number of pages||41|
|Publication status||Published - 2022|