Algeria - Household final consumption expenditure, etc. (% of GDP)

Household final consumption expenditure, etc. (% of GDP) in Algeria was 42.78 as of 2016. Its highest value over the past 56 years was 65.46 in 1964, while its lowest value was 30.18 in 2008.

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
1960 59.25
1961 50.79
1962 46.13
1963 64.20
1964 65.46
1965 64.25
1966 63.71
1967 56.87
1968 56.37
1969 55.14
1970 53.90
1971 55.37
1972 53.52
1973 49.82
1974 44.94
1975 49.51
1976 46.97
1977 49.53
1978 47.02
1979 44.11
1980 41.72
1981 44.20
1982 44.61
1983 44.07
1984 50.56
1985 51.87
1986 57.76
1987 57.15
1988 59.34
1989 61.80
1990 56.84
1991 47.92
1992 51.77
1993 54.94
1994 55.57
1995 55.13
1996 52.73
1997 51.45
1998 55.00
1999 51.59
2000 41.57
2001 43.71
2002 43.98
2003 40.48
2004 38.56
2005 33.76
2006 31.71
2007 31.69
2008 30.18
2009 37.56
2010 34.32
2011 31.18
2012 32.15
2013 34.66
2014 36.36
2015 41.04
2016 42.78

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