Iran - Household final consumption expenditure, etc. (% of GDP)

Household final consumption expenditure, etc. (% of GDP) in Iran was 49.38 as of 2016. Its highest value over the past 56 years was 74.85 in 1988, while its lowest value was 21.50 in 1976.

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. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources.

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

See also:

Year Value
1960 67.87
1961 66.48
1962 64.47
1963 66.78
1964 60.82
1965 54.11
1966 52.27
1967 52.96
1968 45.87
1969 46.15
1970 44.71
1971 44.73
1972 39.23
1973 34.87
1974 24.56
1975 29.41
1976 21.50
1977 29.52
1978 36.30
1979 44.54
1980 46.12
1981 54.05
1982 58.63
1983 57.16
1984 57.15
1985 65.23
1986 69.22
1987 65.13
1988 74.85
1989 73.25
1990 66.65
1991 64.09
1992 62.15
1993 50.59
1994 47.39
1995 47.36
1996 44.68
1997 50.96
1998 56.95
1999 51.94
2000 50.29
2001 53.81
2002 48.57
2003 47.90
2004 43.54
2005 42.98
2006 42.31
2007 42.99
2008 43.26
2009 46.20
2010 43.90
2011 45.42
2012 49.32
2013 48.64
2014 48.14
2015 52.80
2016 49.38

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.

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.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts