Côte d'Ivoire - Household final consumption expenditure, etc. (% of GDP)

Household final consumption expenditure, etc. (% of GDP) in Côte d'Ivoire was 55.63 as of 2016. Its highest value over the past 56 years was 73.26 in 1991, while its lowest value was 52.75 in 1977.

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 64.00
1961 64.10
1962 68.00
1963 62.38
1964 56.96
1965 60.65
1966 59.74
1967 61.82
1968 58.26
1969 58.58
1970 57.27
1971 58.48
1972 59.02
1973 58.54
1974 54.47
1975 60.42
1976 55.33
1977 52.75
1978 54.86
1979 56.90
1980 62.78
1981 63.56
1982 62.32
1983 63.49
1984 59.67
1985 58.58
1986 63.49
1987 67.58
1988 67.65
1989 69.86
1990 71.93
1991 73.26
1992 71.84
1993 71.20
1994 63.04
1995 66.48
1996 68.75
1997 62.91
1998 66.34
1999 64.58
2000 68.24
2001 68.02
2002 62.60
2003 67.60
2004 66.80
2005 65.76
2006 66.15
2007 68.98
2008 68.30
2009 67.74
2010 67.08
2011 67.57
2012 66.07
2013 63.61
2014 56.93
2015 56.06
2016 55.63

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