Household final consumption expenditure (annual % growth)
Definition: Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. 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.
Description: The map below shows how Household final consumption expenditure (annual % growth) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Central African Republic, with a value of 22.11. The country with the lowest value in the world is Equatorial Guinea, with a value of -19.42.
Source: World Bank national accounts data, and OECD National Accounts data files.
Aggregation method: Weighted average