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

Household final consumption expenditure, etc. (% of GDP) in Cameroon was 70.32 as of 2016. Its highest value over the past 51 years was 76.38 in 1976, while its lowest value was 61.98 in 1984.

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
1965 74.94
1966 74.41
1967 74.34
1968 75.91
1969 75.22
1970 70.46
1971 75.31
1972 75.26
1973 71.85
1974 69.25
1975 71.99
1976 76.38
1977 64.44
1978 63.45
1979 69.41
1980 68.56
1981 70.50
1982 62.06
1983 63.43
1984 61.98
1985 64.25
1986 62.59
1987 67.08
1988 68.30
1989 69.20
1990 66.57
1991 64.69
1992 70.65
1993 67.51
1994 66.50
1995 65.87
1996 67.57
1997 67.70
1998 68.27
1999 68.57
2000 68.37
2001 68.00
2002 69.14
2003 70.58
2004 67.95
2005 68.86
2006 69.43
2007 69.53
2008 68.65
2009 69.70
2010 70.18
2011 68.82
2012 69.16
2013 69.09
2014 68.98
2015 70.68
2016 70.32

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 Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures.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