By Niccolo Conte
Measuring consumer confidence in the economy is crucial for understanding both current economic strength, as well as how consumers may be expected to act in the future.
So how do people around the world feel about the global economy?
Which Countries Feel Confident About the Economy in 2024?
Heading into 2024, an average of 50% of polled adults felt confident that the global economy would be stronger than in 2023. But breaking down responses by country shows a vast disparity between responses.
Here are the percentage of respondents who agreed with the following statement: “The global economy will be stronger in 2024 than it was in 2023.” We also note the change in percentage points (p.p.) compared with the same question a year prior.
| Country | Agree | Change (Year-over-year) |
|---|---|---|
 India |
85% | +12 p.p. |
 Indonesia |
82% | +14 p.p. |
 China |
82% | +4 p.p. |
 Philippines |
74% | N/A |
 Thailand |
68% | +4 p.p. |
 Malaysia |
62% | +8 p.p. |
 Mexico |
62% | +6 p.p. |
 Brazil |
60% | -13 p.p. |
 Singapore |
59% | +4 p.p. |
 Poland |
56% | +20 p.p. |
 Global average |
50% | +4 p.p. |
Regional disparities also become evident, with Asian countries making up the top five most confident countries and seven out of the top nine. In fact, South Korea and Japan were the only Asian countries surveyed that were not feeling confident, with Japanese respondents being the least confident (30%) and South Koreans tied for the second-least confident (33%).
Countries in South America ranged from Brazil having a high of 60% of respondents agree with 2024 being stronger than 2023 to Chile having a “low” of 51%. North American countries were more split, with Mexico feeling more confident and Canada feeling less confident.
