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

Household final consumption expenditure, etc. (% of GDP) in Kenya was 77.94 as of 2016. Its highest value over the past 52 years was 81.48 in 2011, while its lowest value was 55.71 in 1977.

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
1964 68.91
1965 70.06
1966 66.12
1967 66.61
1968 64.64
1969 62.75
1970 60.18
1971 64.65
1972 62.19
1973 59.01
1974 64.43
1975 68.22
1976 61.60
1977 55.71
1978 60.45
1979 68.53
1980 62.07
1981 61.86
1982 64.61
1983 62.92
1984 68.11
1985 62.06
1986 63.96
1987 62.23
1988 61.38
1989 64.17
1990 62.83
1991 63.77
1992 67.81
1993 62.96
1994 62.74
1995 69.90
1996 76.73
1997 78.01
1998 75.62
1999 75.25
2000 77.67
2001 75.32
2002 73.16
2003 71.35
2004 71.43
2005 72.43
2006 76.29
2007 74.97
2008 76.94
2009 76.25
2010 78.01
2011 81.48
2012 77.98
2013 79.04
2014 78.38
2015 75.19
2016 77.94

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 Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures.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