Price elasticity of demand
Uncompensated own-price elasticity for broad consumption groups, 144 countries, 2005
Country
Turkey
Denmark
Sweden
Italy
Belgium
Spain
Hong Kong, China
Ireland
Japan
Australia
France
Cyprus
Germany
Netherlands
Norway
Canada
Iceland
Switzerland
United Kingdom
Austria
Luxembourg
United States
Food, Beverages
& tobacco
-0.626
-0.451
-0.447
-0.443
-0.442
-0.438
-0.436
-0.431
-0.430
-0.428
-0.428
-0.423
-0.414
-0.414
-0.411
-0.411
-0.410
-0.400
-0.398
-0.389
-0.332
-0.297
Clothing &
footwear
-0.724
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.722
-0.721
Housing
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
-0.821
House
furnishing
-0.784
-0.783
-0.783
-0.783
-0.783
-0.783
-0.783
-0.783
-0.783
-0.783
-0.783
-0.782
-0.782
-0.782
-0.782
-0.782
-0.782
-0.782
-0.782
-0.782
-0.782
-0.782
Medical &
health
-0.980
-0.919
-0.919
-0.918
-0.918
-0.917
-0.917
-0.916
-0.916
-0.916
-0.916
-0.915
-0.914
-0.914
-0.913
-0.913
-0.913
-0.912
-0.912
-0.911
-0.905
-0.902
Transport &
communication
-0.874
-0.863
-0.863
-0.863
-0.863
-0.863
-0.863
-0.863
-0.862
-0.862
-0.862
-0.862
-0.862
-0.862
-0.862
-0.862
-0.862
-0.862
-0.862
-0.861
-0.860
-0.860
Recreation
-1.056
-0.955
-0.954
-0.953
-0.953
-0.952
-0.952
-0.950
-0.950
-0.950
-1.771
-0.949
-0.947
-0.947
-0.946
-0.946
-0.946
-0.944
-0.944
-0.942
-0.934
-0.930
Countries are reported based on ascending per capita real income levels.
Source: USDA Data Sets: International Food Consumption Patterns
Education
-0.686
-0.679
-0.679
-0.679
-0.679
-0.679
-0.679
-0.679
-0.679
-0.679
-0.679
-0.678
-0.678
-0.678
-0.678
-0.678
-0.678
-0.678
-0.678
-0.678
-0.676
-0.676
Other
-0.983
-0.925
-0.924
-0.924
-0.924
-0.923
-0.923
-0.922
-0.922
-0.922
-0.922
-0.921
-0.920
-0.920
-0.920
-0.920
-0.919
-0.918
-0.918
-0.917
-0.912
-0.909
Price elasticity of demand for beer,
wine and spirits
Source: Fogarty, 2008. The demand for beer, wine and spirits: Insights form a meta-analysis approach. American Wine Association
Cross-price elasticities of demand for
low, middle and high-income countries
Source: USDA, 2010. Cross-price elasticities of demand for 114 countries
Income elasticities of demand for food
Source: Regmi et al. , 2001. Cross-country analysis of food consumption patterns. USDA Economic Research Service
Elasticity of supply for housing
Source: Sanchez and Johansson, 2011. The price responsiveness of housing supply in OECD countries. OECD
Elasticity of supply for oil
Krichene, 2002. World crude oil and natural gas: a demand and supply model. Energy Economics, 24, 557-576