Jamaica - Household final consumption expenditure (current LCU)

The value for Household final consumption expenditure (current LCU) in Jamaica was 1,498,550,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 1,607,880,000,000 in 2019 and a minimum value of 345,207,800 in 1960.

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 current local currency.

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

Year Value
1960 345,207,800
1961 356,645,400
1962 374,321,700
1963 394,077,600
1964 453,345,200
1965 478,300,000
1966 488,900,000
1967 521,100,000
1968 550,100,000
1969 607,600,000
1970 713,100,000
1971 803,100,000
1972 967,900,000
1973 1,062,700,000
1974 1,468,800,000
1975 1,722,300,000
1976 1,881,700,000
1977 1,939,800,000
1978 2,304,800,000
1979 2,667,500,000
1980 3,046,500,000
1981 3,592,100,000
1982 3,976,600,000
1983 4,543,100,000
1984 6,217,500,000
1985 8,246,500,000
1986 9,935,500,000
1987 11,753,100,000
1988 13,903,900,000
1989 17,523,800,000
1990 21,408,500,000
1991 32,758,200,000
1992 53,879,800,000
1993 79,937,000,000
1994 120,408,000,000
1995 161,437,000,000
1996 191,436,000,000
1997 204,115,000,000
1998 225,883,000,000
1999 247,509,000,000
2000 288,427,000,000
2001 311,111,000,000
2002 349,420,000,000
2003 405,444,000,000
2004 466,231,000,000
2005 551,731,000,000
2006 613,118,000,000
2007 711,413,000,000
2008 889,064,000,000
2009 855,781,000,000
2010 944,395,000,000
2011 1,065,060,000,000
2012 1,123,080,000,000
2013 1,222,260,000,000
2014 1,314,310,000,000
2015 1,346,100,000,000
2016 1,368,280,000,000
2017 1,483,700,000,000
2018 1,542,750,000,000
2019 1,607,880,000,000
2020 1,498,550,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts