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

Household final consumption expenditure, etc. (% of GDP) in Bangladesh was 69.11 as of 2016. Its highest value over the past 56 years was 98.91 in 1976, while its lowest value was 69.11 in 2016.

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 86.22
1961 86.84
1962 81.76
1963 84.88
1964 83.76
1965 83.17
1966 80.40
1967 81.38
1968 77.14
1969 77.76
1970 79.47
1973 92.67
1974 94.63
1975 95.89
1976 98.91
1977 88.73
1978 93.50
1979 92.20
1980 91.81
1981 87.44
1982 88.66
1983 88.24
1984 89.19
1985 87.59
1986 86.28
1987 87.09
1988 86.92
1989 86.97
1990 86.64
1991 84.53
1992 83.00
1993 82.19
1994 81.58
1995 82.73
1996 81.21
1997 78.57
1998 77.12
1999 77.11
2000 75.85
2001 76.30
2002 74.78
2003 74.99
2004 74.40
2005 74.60
2006 73.82
2007 74.41
2008 75.92
2009 74.91
2010 74.43
2011 75.06
2012 74.49
2013 73.71
2014 72.62
2015 73.12
2016 69.11

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