Malawi - Household final consumption expenditure, PPP (constant 2011 international $)
The latest value for Household final consumption expenditure, PPP (constant 2011 international $) in Malawi was 19,062,820,000 as of 2016. Over the past 14 years, the value for this indicator has fluctuated between 19,062,820,000 in 2016 and 8,360,512,000 in 2002.
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 converted to constant 2011 international dollars using purchasing power parity rates.
Source: World Bank, International Comparison Program database.
Aggregation method: Gap-filled total
Base Period: 2011
Sub-Topic: Purchasing power parity