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

Household final consumption expenditure, etc. (% of GDP) in Egypt was 82.86 as of 2016. Its highest value over the past 51 years was 82.94 in 2014, while its lowest value was 58.51 in 1976.

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 66.66
1966 66.84
1967 68.14
1968 68.17
1969 66.40
1970 65.91
1971 66.00
1972 66.63
1973 63.81
1974 73.54
1975 62.86
1976 58.51
1977 62.03
1978 63.07
1979 68.67
1980 69.17
1981 66.91
1982 67.00
1983 65.01
1984 67.94
1985 68.21
1986 69.63
1987 69.87
1988 68.99
1989 70.05
1990 72.57
1991 75.62
1992 72.61
1993 74.10
1994 74.57
1995 74.46
1996 76.94
1997 77.17
1998 76.69
1999 75.03
2000 75.86
2001 75.27
2002 73.77
2003 73.03
2004 71.67
2005 71.55
2006 70.60
2007 72.40
2008 72.32
2009 76.10
2010 74.57
2011 75.57
2012 80.71
2013 80.77
2014 82.94
2015 82.43
2016 82.86

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 Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures.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