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

Households and NPISHs final consumption expenditure (% of GDP) in Chad was 88.83 as of 2020. Its highest value over the past 60 years was 133.11 in 2002, while its lowest value was 58.96 in 1971.

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 68.36
1961 68.36
1962 72.27
1963 69.17
1964 70.89
1965 70.43
1966 66.63
1967 62.16
1968 61.86
1969 59.10
1970 60.36
1971 58.96
1972 59.40
1973 61.13
1974 60.43
1975 64.50
1976 68.18
1977 69.97
1978 69.12
1981 95.47
1982 93.53
1983 93.45
1984 91.19
1985 97.49
1986 97.15
1987 92.15
1988 90.63
1989 89.85
1990 97.63
1991 92.72
1992 93.07
1993 92.55
1994 94.04
1995 91.03
1996 82.94
1997 86.40
1998 90.25
1999 93.25
2000 86.80
2001 87.25
2002 133.11
2003 73.89
2004 70.56
2005 65.03
2006 73.98
2007 67.41
2008 66.75
2009 69.01
2010 65.49
2011 67.97
2012 65.66
2013 68.34
2014 68.32
2015 73.32
2016 75.38
2017 80.16
2018 77.35
2019 76.09
2020 88.83

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