KPMG: There will be 1.2 mln rich Poles in 2018

The value of the luxury goods market is set to reach PLN 14.3 billion in 2015, an increase of 13 percent y/y, according to a report by consultancy firm KPMG. The value of the market may grow by 17 percent y/y next year and reach PLN 16.6 billion. "We estimate that the number of wealthy and rich Poles will stand at around PLN 1.2 million and their total wealth will total PLN 200 billion," said Andrzej Marczak, a partner at KPMG. Until the end of 2015, the number of rich and wealthy Poles, whose annual income surpass PLN 85,000 will amount to 969,000, an increase of seven percent y/y. The  average Pole had wealth estimated at only $19,500 in mid-2015, the report also showed.