Germany - Households and NPISHs final consumption expenditure (% of GDP)

Households and NPISHs final consumption expenditure (% of GDP) in Germany was 50.72 as of 2020. Its highest value over the past 50 years was 59.43 in 1983, while its lowest value was 50.72 in 2020.

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1970 55.57
1971 55.77
1972 56.40
1973 55.95
1974 55.73
1975 58.20
1976 58.09
1977 58.38
1978 57.80
1979 58.10
1980 58.86
1981 59.43
1982 59.33
1983 59.43
1984 59.23
1985 58.61
1986 57.14
1987 57.56
1988 57.07
1989 57.14
1990 56.35
1991 56.04
1992 56.02
1993 56.66
1994 56.19
1995 55.84
1996 56.31
1997 56.19
1998 55.65
1999 56.20
2000 56.30
2001 56.46
2002 55.74
2003 56.46
2004 56.14
2005 56.54
2006 55.69
2007 53.99
2008 54.22
2009 56.44
2010 55.11
2011 54.39
2012 54.91
2013 54.56
2014 53.42
2015 52.97
2016 52.75
2017 52.11
2018 52.02
2019 51.91
2020 50.72

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Household final consumption expenditure is often estimated as a residual, by subtracting all other known expenditures from GDP. The resulting aggregate may incorporate fairly large discrepancies. When household consumption is calculated separately, many of the estimates are based on household surveys, which tend to be one-year studies with limited coverage. Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures. Complicating the issue, in many developing countries the distinction between cash outlays for personal business and those for household use may be blurred. Informal economic activities pose a particular measurement problem, especially in developing countries, where much economic activity is unrecorded. A complete picture of the economy requires estimating household outputs produced for home use, sales in informal markets, barter exchanges, and illicit or deliberately unreported activities. The consistency and completeness of such estimates depend on the skill and methods of the compiling statisticians.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts