China - Household final consumption expenditure (constant LCU)

The value for Household final consumption expenditure (constant LCU) in China was 34,899,500,000,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 35,795,500,000,000 in 2019 and a minimum value of 4,179,350,000,000 in 1995.

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. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1995 4,179,350,000,000
1996 4,663,190,000,000
1997 4,940,350,000,000
1998 5,274,610,000,000
1999 5,767,140,000,000
2000 6,435,570,000,000
2001 6,885,090,000,000
2002 7,513,500,000,000
2003 7,976,260,000,000
2004 8,621,260,000,000
2005 9,571,720,000,000
2006 10,549,700,000,000
2007 12,003,000,000,000
2008 13,057,200,000,000
2009 14,361,800,000,000
2010 16,027,600,000,000
2011 18,439,300,000,000
2012 20,136,700,000,000
2013 21,921,400,000,000
2014 23,937,000,000,000
2015 26,020,200,000,000
2016 28,345,700,000,000
2017 31,048,400,000,000
2018 33,632,100,000,000
2019 35,795,500,000,000
2020 34,899,500,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts