Georgia - Household final consumption expenditure, PPP (constant 2011 international $)

The latest value for Household final consumption expenditure, PPP (constant 2011 international $) in Georgia was 23,158,070,000 as of 2016. Over the past 5 years, the value for this indicator has fluctuated between 23,301,840,000 in 2015 and 21,447,470,000 in 2011.

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 converted to constant 2011 international dollars using purchasing power parity rates.

Source: World Bank, International Comparison Program database.

See also:

Year Value
2011 21,447,470,000
2012 22,181,690,000
2013 22,037,590,000
2014 22,515,690,000
2015 23,301,840,000
2016 23,158,070,000

Aggregation method: Gap-filled total

Base Period: 2011

Periodicity: Annual


Topic: Economic Policy & Debt Indicators

Sub-Topic: Purchasing power parity