Greenland - Household final consumption expenditure (constant LCU)

The value for Household final consumption expenditure (constant LCU) in Greenland was 6,318,100,000 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 6,318,100,000 in 2019 and a minimum value of 4,994,600,000 in 2003.

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
2003 4,994,600,000
2004 5,468,500,000
2005 5,821,400,000
2006 5,982,800,000
2007 6,054,200,000
2008 6,059,900,000
2009 6,103,700,000
2010 6,080,500,000
2011 6,104,400,000
2012 6,047,600,000
2013 5,981,300,000
2014 6,023,800,000
2015 6,034,800,000
2016 6,124,500,000
2017 6,177,600,000
2018 6,201,700,000
2019 6,318,100,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts