Dem. Rep. Congo - Household final consumption expenditure, etc. (% of GDP)

Household final consumption expenditure, etc. (% of GDP) in Dem. Rep. Congo was 79.23 as of 2016. Its highest value over the past 56 years was 92.90 in 1998, while its lowest value was 66.26 in 1996.

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 84.33
1961 82.62
1962 83.42
1963 72.83
1964 75.74
1965 74.77
1966 87.14
1967 78.93
1968 77.82
1969 77.14
1970 73.74
1971 74.79
1972 74.57
1973 75.26
1974 74.01
1975 75.68
1976 83.44
1977 78.31
1978 75.74
1979 75.24
1980 81.55
1981 82.48
1982 84.03
1983 84.20
1984 83.05
1985 77.93
1986 78.13
1987 78.79
1988 75.16
1989 74.98
1990 79.14
1991 84.86
1992 72.21
1993 80.59
1994 85.00
1995 80.96
1996 66.26
1997 85.95
1998 92.90
1999 84.93
2000 87.62
2001 90.56
2002 84.66
2003 91.56
2004 85.37
2005 84.42
2006 81.73
2007 83.87
2008 87.32
2009 83.20
2010 80.14
2011 74.66
2012 72.77
2013 72.15
2014 73.52
2015 75.29
2016 79.23

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