Georgia - Household final consumption expenditure (current LCU)

The value for Household final consumption expenditure (current LCU) in Georgia was 39,769,790,000 as of 2020. As the graph below shows, over the past 40 years this indicator reached a maximum value of 39,769,790,000 in 2020 and a minimum value of 6,300 in 1980.

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 current local currency.

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

Year Value
1980 6,300
1981 6,800
1982 6,900
1983 7,000
1984 7,400
1985 7,900
1986 7,900
1987 8,100
1988 8,700
1989 9,000
1990 10,100
1991 12,600
1992 126,700
1993 18,528,500
1994 1,253,127,000
1995 2,478,052,000
1996 4,074,167,000
1997 4,647,387,000
1998 4,224,667,000
1999 4,600,415,000
2000 5,469,786,000
2001 5,303,964,000
2002 5,801,956,000
2003 6,878,200,000
2004 7,581,300,000
2005 8,495,800,000
2006 11,755,600,000
2007 13,529,200,000
2008 16,307,100,000
2009 16,079,700,000
2010 17,717,800,000
2011 20,954,100,000
2012 21,623,100,000
2013 22,059,400,000
2014 24,036,700,000
2015 25,946,400,000
2016 25,001,300,000
2017 28,468,600,000
2018 30,910,600,000
2019 34,748,800,000
2020 39,769,790,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts