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

Household final consumption expenditure, etc. (% of GDP) in Botswana was 44.17 as of 2016. Its highest value over the past 56 years was 89.22 in 1960, while its lowest value was 25.93 in 1988.

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 89.22
1961 88.47
1962 87.20
1963 86.30
1964 83.97
1965 80.03
1966 73.58
1967 74.91
1968 85.47
1969 70.84
1970 72.15
1971 61.62
1972 58.89
1973 57.72
1974 58.76
1975 59.32
1976 60.77
1977 61.79
1978 58.97
1979 54.50
1980 51.99
1981 53.61
1982 51.00
1983 45.25
1984 42.70
1985 38.96
1986 35.35
1987 30.92
1988 25.93
1989 28.14
1990 33.23
1991 36.06
1992 36.62
1993 35.24
1994 37.93
1995 35.74
1996 33.66
1997 34.61
1998 35.26
1999 35.50
2000 33.81
2001 36.84
2002 34.95
2003 36.03
2004 39.76
2005 36.11
2006 38.88
2007 37.69
2008 48.83
2009 57.06
2010 46.46
2011 47.71
2012 54.85
2013 51.97
2014 45.32
2015 48.62
2016 44.17

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