Test 2

Please select your preferred language.

請選擇你慣用的語言。

请选择你惯用的语言。

English
中文简体
台灣繁體
香港繁體

Login

Remember Me

New to Fridae?

Fridae Mobile

Highlights
Advertisement

More About Us

Latest Blog Post
Stay Safe Online (Nov 16)
5 Aug 2015

LGBT annual spending power estimated at US$3.7 trillion

 

LGBT Capital, a specialist LGBT consumer sector financial analyst estimated the power of world-wide LGBT spending

Advertisement

n a report released this week, LGBT Capital have highlighted the role LGBT spending power (LGBT-GDP) has in achieving equality for the global LGBT community.

LGBT Wealth believes the figures support arguments for countries and companies to become more inclusive.

It is estimated that the global spending power of the LGBT consumer segment is US$3.7 trillion per annum, with an LGBT population estimate of about 450 million.

Asia is one of the most fast developing regions with LGBT-GDP in excess of US$1 trillion and China alone to estimated to have an LGBT population of 80 million.

The LGBT-GDP, therefore, highlights the spending power of lesbians, gays, transgenders, bisexuals worldwide as their joint GDP is equal to that of the country of Germany.

LGBT Wealth have also estimated the  impact of LGBT travellers on global tourism and travel. 

This is estimated to have a per annum impact of more than US$20 billion in the US and over US$5 billion in each of several European Countries,

Not only does the LGBT consumer represent significant spending power but as is generally accepted, due to more frequent and longer travels, the sector punches well over its weight when it comes to tourism spend. 

Paul Thompson, Founder of LGBT Capital, also outlines that the report highlights that the global LGBT community cannot be ignored and that their spending power should help drive diversity, inclusion, and equality.

“This community is growing in voice and power, and we believe this will support the Global LGBT Diversity & Inclusion development and should be taken very seriously and command respect,”  he says.

Reader's Comments

1. 2015-08-05 22:14
well there has always been gay people on this planet its nothing new!
2. 2015-08-06 05:56
Gays ruining the planet by traveling too much :-(

Paul Thompson is wanting all the gays to make him rich. One day he will realise we are just people; having different specialities. It's really not an issue.

Please log in to use this feature.

Social

Select News Edition

Recent Articles

Featured Profiles

Now ALL members can view unlimited profiles!

Languages

View this page in a different language:

Like Us on Facebook

Partners

 ILGA Asia - Fridae partner for LGBT rights in Asia IGLHRC - Fridae Partner for LGBT rights in Asia

Advertisement