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

Household final consumption expenditure, etc. (% of GDP) in El Salvador was 88.77 as of 2016. Its highest value over the past 51 years was 98.44 in 2008, while its lowest value was 64.66 in 1977.

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 78.58
1966 79.83
1967 79.10
1968 80.80
1969 79.05
1970 75.74
1971 76.22
1972 74.20
1973 74.27
1974 74.92
1975 71.86
1976 69.63
1977 64.66
1978 70.59
1979 68.92
1980 71.82
1981 76.84
1982 76.69
1983 77.54
1984 78.79
1985 81.23
1986 76.95
1987 81.00
1988 80.95
1989 82.93
1990 88.90
1991 87.95
1992 88.45
1993 87.56
1994 87.15
1995 87.43
1996 88.32
1997 87.47
1998 84.99
1999 85.90
2000 87.94
2001 88.64
2002 88.00
2003 89.00
2004 91.49
2005 92.84
2006 93.83
2007 96.82
2008 98.44
2009 91.42
2010 92.90
2011 93.27
2012 93.08
2013 92.68
2014 92.46
2015 90.16
2016 88.77

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 Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures.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