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

Household final consumption expenditure, etc. (% of GDP) in Canada was 58.28 as of 2016. Its highest value over the past 51 years was 58.78 in 1965, while its lowest value was 52.37 in 1981.

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 58.78
1966 57.16
1967 57.59
1968 57.53
1969 57.30
1970 54.63
1971 54.32
1972 55.06
1973 53.89
1974 52.97
1975 54.01
1976 53.48
1977 53.31
1978 54.10
1979 52.90
1980 53.00
1981 52.37
1982 53.09
1983 53.69
1984 53.34
1985 53.92
1986 55.07
1987 54.93
1988 54.41
1989 54.79
1990 55.74
1991 57.01
1992 57.39
1993 57.48
1994 56.51
1995 55.72
1996 56.26
1997 56.89
1998 57.05
1999 56.30
2000 54.53
2001 55.01
2002 56.01
2003 55.68
2004 54.66
2005 54.28
2006 54.35
2007 54.61
2008 54.38
2009 57.44
2010 56.85
2011 55.80
2012 55.93
2013 55.92
2014 55.94
2015 57.53
2016 58.28

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 Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures.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