Vanity market ever moves $ 4.7 tri, more that the German GDP

The vanity market the world conquers space and capital year after year. According to research at Bank of America Merrill Lynch, global movement sum $ 4.7 trillion annually, worth more than the GDP of Germany, the fourth largest economy in the world.
The biggest consumers of vanity are Western Europe ($ 750 billion), United States ($ 663 billion) and China ($ 660 billion). Latin Americans are in fourth place ($ 423 billion). Despite being among the top five cosmetic markets in the world, Brazil is facing a period of difficulties for the economic slowdown, which should reduce the rate of growth in sales, especially of luxury "Frugality is the watchword in Latin American vanity," says the study,
Investments in vanity in the world, however, grow 20 percent per year since 1995. "On balance, 90% of the capital is vanity products with most affordable prices, and only 10% luxury items", details of the study. Wines, cars and clothing, for example, are included as "vanity" only from a certain standard.