Ghana - Household final consumption expenditure (constant LCU)

The value for Household final consumption expenditure (constant LCU) in Ghana was 112,357,000,000 as of 2020. As the graph below shows, over the past 14 years this indicator reached a maximum value of 112,357,000,000 in 2020 and a minimum value of 48,106,870,000 in 2006.

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 constant local currency.

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

Year Value
2006 48,106,870,000
2007 51,011,050,000
2008 58,724,910,000
2009 59,987,180,000
2010 70,368,500,000
2011 74,541,370,000
2012 79,288,570,000
2013 95,004,750,000
2014 90,202,400,000
2015 92,151,140,000
2016 90,167,750,000
2017 93,873,780,000
2018 97,475,760,000
2019 110,926,000,000
2020 112,357,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts