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

Household final consumption expenditure, etc. (% of GDP) in Burundi was 87.33 as of 2016. Its highest value over the past 56 years was 97.84 in 2006, while its lowest value was 68.17 in 2010.

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 91.96
1961 92.24
1962 92.62
1963 96.24
1964 87.25
1965 89.47
1966 88.35
1967 86.97
1968 87.08
1969 85.86
1970 86.63
1971 87.54
1972 87.24
1973 85.42
1974 89.15
1975 91.60
1976 85.13
1977 77.35
1978 80.69
1979 80.79
1980 91.38
1981 86.82
1982 91.58
1983 84.56
1984 85.86
1985 88.07
1986 89.11
1987 83.69
1988 87.62
1989 86.55
1990 94.55
1991 93.41
1992 90.85
1993 85.75
1994 93.82
1995 88.94
1996 81.73
1997 81.73
1998 87.53
1999 84.34
2000 92.28
2001 90.60
2002 93.62
2003 89.28
2004 88.10
2005 83.88
2006 97.84
2007 75.34
2008 71.62
2009 84.23
2010 68.17
2011 72.73
2012 75.94
2013 76.01
2014 76.91
2015 85.82
2016 87.33

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