How the Worldwide LGBTQIA+ Dollar Index was calculated
Discover all gay, lesbian, bisexual, transgender, and all groups with non-traditional gender and sexual identities, collectively known as the LGBTQIA+ community, and how much they contribute financially to economies worldwide. All ages and groups across the community contribute in some way, from full-time employment to retirement incomes, discovering the significant purchase power amongst the global community.
The LGBTQIA+ Worldwide Dollar Index is based on U.S. dollars and is calculated using the published household consumption expenditure and population estimates used within the Worldwide LGBTQIA+ Population index
The LGBTQIA+ dollar index uses estimated population information for a given year relating to the LGBTQIA+ community. Then compares the data against a component of the Gross Domestic Product (GDP), known as the Household Consumption Expenditure (HCE). By combining the two data sources, we can forecast the value of the global LGBTQIA+ dollar.
The Gross Domestic Product (GDP) is a measure of all goods and services produced in any given country within a year. The measurement is used to help investors and spectators understand how well a country is performing. The GDP is made up of many components; however, one key indicator is the HCE which relates to the number of goods and services purchased by households within that particular country. The HCE is a good indicator of how much individuals are spending each year and includes food, clothing, cars, rents, personal services etc.
The LGBTQIA+ dollar index is based on U.S Dollars
GDP STATISTICS
The LGBTQIA+ population volumes used in the index are based on several averages that helped us to establish the following conservative estimates against the total population:
- Lesbian & Gay – 1.3444%
- Bisexual – 1.2889%
- Transgender – 0.0060%
- Total – 2.6393%
The index has been compiled from country-specific information obtained from the United Nations – National Accounts – Analysis of Main Aggregates (AMA)
EXCEPTIONAL AND DIVERSE LGBTQIA+ COMMUNITY
- 2017 HCE total spend
- 2017 total population volume
By dividing the HCE against the population volume, we can establish a cost per person.
LGBTQIA+ COUNTRY & REGION GUIDES
- 2017 cost per person – by country (defined in the previous section)
- 2017 LGBTQIA+ population estimates – by country
By multiplying the 2017 cost per person against the LGBTQIA+ population, we can calculate the total spend.
EXCEPTIONAL PEOPLE MAKING HISTORY
Whether in work, retirement, or further education, LGBTQIA+ individuals of all ages contribute financially. From Paying their rent, buying food and clothing, to an annual vacation, all these transactions support a country and the world economy. The more money an individual or group has, the higher the purchase or spending power. The greater the spending power, the more influence that person or group has, especially how they are treated.
Even though there are many professionals in the LGBTQIA+ community, there are disturbing statistics concerning their treatment. It is estimated that over 40% of all homeless young adults and minors identify as LGBTQIA+, either thrown out of their homes or run away because of how they identify. With many youths homeless, some struggle to receive a basic education, affecting the rest of their lives. In some countries, transgender individuals struggle to find work due to society’s lack of acceptance of their identity, forcing some into sex work or low paid employment.
The LGBTQIA+ dollar index is based on U.S Dollars ($). It is compiled using the global population of the community and the Household Consumption Expenditure (HCE) element of the Gross Domestic Product (GDP) for each country worldwide. The HCE is then applied to the population estimates within the LGTBQ+ Population Index to estimate the average spending per person by country, region, and continent.
TAKING PRIDE IN YOU
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Three dedicated websites offer various tools, services, guides, and much more. Free tools and services tailored toward all groups within the global LGBTQIA+ community
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SMARTPHONE SHORTCUTS & BOOKMARKS
Discover more about the extensive tools, services and guides available on Gayther. From country and regional guides to LGBTQIA+ community resources, learn more about all that Gayther has to offer
IMPORTANT DISCLAIMER: The LGBTQIA+ Worldwide dollar index is based on conservative estimates relating to the global community’s size, applied to the total population recorded for a given year. We cannot accurately confirm the actual number of LGBTQIA+ individuals living within any given country. There are no official censuses that focus specifically on sexual orientations or gender identities; therefore, the volumes are based on reasonable estimates. We acknowledge that the actual size may be higher or lower than our estimates in certain countries. The index is a global index and will include countries where identifying as LGBTQIA+ is considered illegal or where the individual is likely to be persecuted. The estimates are applied to the entire world population. The index is for illustration purposes only and is not a census or tool to single out or isolate a proportion of any given country’s population. Though we endeavour to keep all information across the site updated, we do not provide any guarantees to the accuracy and completeness of any information displayed. This page may contain external links to third party websites; Gayther provides these links for your convenience and does not endorse, warrant or recommend any particular products or services. By clicking on any external links, you will leave Gayther and be taken to the third-party website, which you do so at your own risk and by accessing the site, you will be required to comply with the external third party’s terms and conditions of use and privacy policies
