ICMCI National Consultancy Index – Estimating the Size of Management Consulting Markets Around the World

The value of the global consulting industry is estimated at over $130bn (consultancy.org, 2018). It is generally accepted that the world’s bigger economies are also where the bigger national MC sectors exist the European Federation of Management Consultancies estimates that three countries (France, Germany and UK) generate nearly three quarters of consulting revenue (FEACO, 2017). However, there is also substantial cross-national variance in its prominence of MC as an activity Data reported by consulting.org, based on World Bank information, suggested a seven-fold difference between the prominence of MC as a proportion of national gross domestic product across a sample of nations (Consulting.org, 2018).