Guinea-Bissau - Household final consumption expenditure (constant LCU)

The value for Household final consumption expenditure (constant LCU) in Guinea-Bissau was 418,008,000,000 as of 2020. As the graph below shows, over the past 20 years this indicator reached a maximum value of 493,702,000,000 in 2017 and a minimum value of 245,302,000,000 in 2000.

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
2000 245,302,000,000
2001 278,867,000,000
2002 285,085,000,000
2003 267,621,000,000
2004 287,397,000,000
2005 276,930,000,000
2006 293,044,000,000
2007 296,070,000,000
2008 313,423,000,000
2009 321,675,000,000
2010 362,545,000,000
2011 352,829,000,000
2012 352,467,000,000
2013 358,476,000,000
2014 343,622,000,000
2015 381,865,000,000
2016 423,231,000,000
2017 493,702,000,000
2018 430,078,000,000
2019 434,957,000,000
2020 418,008,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts