10 Countries That Spend the Most on Luxury Goods

5. France

Although 19 billion $ spent on luxury goods may seem more than well, the fact is that France is losing the race. Expenditure is smaller every year due to country’s slower economic growth in the past few years. It is estimated that almost half of the money spent on luxury goods, France owes to the foreign tourists. The reason for France’s high place on the list should be attributed to LVMH, the biggest luxury company in the world and Paris as one of the most famous cities in the world.

Amount spent for luxury goods: 19 billion $

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