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

Households and NPISHs final consumption expenditure (% of GDP) in Eswatini was 65.76 as of 2020. Its highest value over the past 60 years was 89.18 in 1985, while its lowest value was 28.17 in 1974.

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 54.28
1961 54.99
1962 50.30
1963 47.59
1964 46.32
1965 51.39
1966 68.31
1967 76.22
1968 61.75
1969 60.16
1970 54.93
1971 54.61
1972 50.71
1973 39.42
1974 28.17
1975 48.22
1976 50.72
1977 55.52
1978 51.76
1979 71.84
1980 67.97
1981 78.95
1982 78.01
1983 77.63
1984 78.71
1985 89.18
1986 70.98
1987 65.99
1988 62.31
1989 61.41
1990 80.45
1991 80.86
1992 85.65
1993 83.42
1994 74.49
1995 82.28
1996 87.04
1997 76.86
1998 77.84
1999 79.88
2000 71.92
2001 71.16
2002 70.55
2003 68.10
2004 67.51
2005 68.56
2006 67.79
2007 67.06
2008 71.74
2009 72.00
2010 74.57
2011 78.13
2012 73.03
2013 70.83
2014 69.67
2015 66.93
2016 63.03
2017 65.58
2018 65.63
2019 63.87
2020 65.76

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