Bangalore: While for a middle class aiming to buy a car is a big task, wealthy individuals always crave to buy things that make them the topic of discussion during their dinner parties.

However, their desires are nothing new, according to WealthInsight’s 2020 Foresight Report, the investment on luxury goods which was $210 billion in 2008 had increased to $362 billion in 2012.

From 2013 to 2017, millionaires investing on luxury goods are expected to increase with an annual rate of 10.34 percent. They mostly like to spend on wines and collectibles, from paintings they’ve snatched at Sotheby’s auctions to classic cars.

Here is a list of countries that are expected to see the biggest rise in annual growth rates until 2017, compiled by Forbes.

10. Switzerland

Millionaires love to shop in Switzerland, as it’s a country that manufacturers’ luxury watches. Switzerland witnessed an annual growth at (CAGR) 3.21 percent, which is the least growth, according to WealthInsight's report.

However, when Switzerland is examined individually, the rate of investment from rich people to buy high end goods is increasing than the Swiss economy.

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