Household final consumption expenditure (constant 2010 US$) - Country Ranking - Asia

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 2010 U.S. dollars.

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

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 China 5,604,090,000,000.00 2020
2 Japan 2,347,770,000,000.00 2020
3 India 1,470,710,000,000.00 2020
4 Korea 750,622,000,000.00 2020
5 Russia 713,812,000,000.00 2020
6 Turkey 600,869,000,000.00 2020
7 Indonesia 586,909,000,000.00 2020
8 Saudi Arabia 273,993,000,000.00 2020
9 Pakistan 264,435,000,000.00 2020
10 Philippines 259,912,000,000.00 2020
11 Thailand 235,258,000,000.00 2020
12 Hong Kong SAR, China 208,052,000,000.00 2020
13 Malaysia 204,698,000,000.00 2020
14 Bangladesh 189,841,000,000.00 2020
15 Iran 184,386,000,000.00 2020
16 Israel 176,220,000,000.00 2020
17 Vietnam 175,106,000,000.00 2020
18 United Arab Emirates 143,945,000,000.00 2020
19 Singapore 112,381,000,000.00 2020
20 Kazakhstan 110,227,000,000.00 2020
21 Iraq 101,162,000,000.00 2019
22 Uzbekistan 70,241,460,000.00 2020
23 Sri Lanka 62,733,050,000.00 2020
24 Kuwait 53,044,830,000.00 2019
25 Lebanon 38,658,510,000.00 2020
26 Qatar 36,052,150,000.00 2015
27 Jordan 36,026,550,000.00 2020
28 Oman 34,008,430,000.00 2020
29 Azerbaijan 30,087,940,000.00 2015
30 Myanmar 29,556,570,000.00 2015
31 Nepal 25,416,900,000.00 2020
32 Cambodia 16,739,760,000.00 2020
33 Georgia 14,293,830,000.00 2020
34 Bahrain 14,276,890,000.00 2019
35 Macao SAR, China 11,057,310,000.00 2020
36 Lao PDR 10,741,530,000.00 2016
37 Armenia 9,240,495,000.00 2020
38 Mongolia 9,213,374,000.00 2020
39 Syrian Arab Republic 8,241,087,000.00 2019
40 Kyrgyz Republic 5,990,637,000.00 2020
41 Tajikistan 5,892,132,000.00 2015
42 Brunei 3,013,981,000.00 2020
43 Bhutan 1,292,161,000.00 2020
44 Timor-Leste 1,028,106,000.00 2020

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Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Household final consumption expenditure is often estimated as a residual, by subtracting all other known expenditures from GDP. The resulting aggregate may incorporate fairly large discrepancies. When household consumption is calculated separately, many of the estimates are based on household surveys, which tend to be one-year studies with limited coverage. Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures. Complicating the issue, in many developing countries the distinction between cash outlays for personal business and those for household use may be blurred. Informal economic activities pose a particular measurement problem, especially in developing countries, where much economic activity is unrecorded. A complete picture of the economy requires estimating household outputs produced for home use, sales in informal markets, barter exchanges, and illicit or deliberately unreported activities. The consistency and completeness of such estimates depend on the skill and methods of the compiling statisticians. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels. The second arises in deflating current price data to measure volume growth, where results depend on the relevance and reliability of the price indexes and weights used. Measuring price changes is more difficult for investment goods than for consumption goods because of the one-time nature of many investments and because the rate of technological progress in capital goods makes capturing change in quality difficult. (An example is computers - prices have fallen as quality has improved.)

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products. Deflators for household consumption are usually calculated on the basis of the consumer price index.

Aggregation method: Gap-filled total

Base Period: 2010

Periodicity: Annual