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

Households and NPISHs final consumption expenditure (% of GDP) in Brazil was 62.71 as of 2020. Its highest value over the past 60 years was 78.08 in 1984, while its lowest value was 54.13 in 1989.

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 59.02
1961 56.50
1962 72.57
1963 67.15
1964 69.79
1965 64.91
1966 65.18
1967 70.41
1968 70.45
1969 67.28
1970 68.55
1971 70.06
1972 69.79
1973 64.06
1974 67.74
1975 63.66
1976 68.54
1977 69.09
1978 68.74
1979 70.69
1980 69.01
1981 69.44
1982 72.22
1983 76.37
1984 78.08
1985 69.54
1986 70.85
1987 64.69
1988 63.75
1989 54.13
1990 59.30
1991 61.57
1992 61.52
1993 60.08
1994 59.64
1995 63.71
1996 65.16
1997 65.31
1998 64.14
1999 64.68
2000 64.59
2001 64.11
2002 61.90
2003 61.84
2004 60.21
2005 60.50
2006 60.44
2007 59.87
2008 59.73
2009 61.96
2010 60.22
2011 60.27
2012 61.41
2013 61.72
2014 62.96
2015 63.96
2016 64.25
2017 64.49
2018 64.62
2019 64.76
2020 62.71

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