Mexico - Households and NPISHs final consumption expenditure (% of GDP)

Households and NPISHs final consumption expenditure (% of GDP) in Mexico was 63.75 as of 2020. Its highest value over the past 60 years was 77.21 in 1960, while its lowest value was 57.97 in 1982.

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 77.21
1961 76.88
1962 77.15
1963 74.71
1964 74.75
1965 73.14
1966 73.22
1967 73.26
1968 74.10
1969 72.98
1970 71.96
1971 73.22
1972 71.78
1973 70.48
1974 69.82
1975 68.72
1976 68.08
1977 66.31
1978 66.06
1979 64.40
1980 61.65
1981 61.00
1982 57.97
1983 58.02
1984 60.12
1985 60.96
1986 65.85
1987 62.59
1988 68.21
1989 69.34
1990 69.97
1991 70.80
1992 71.90
1993 69.39
1994 68.63
1995 66.23
1996 66.87
1997 66.69
1998 66.67
1999 67.28
2000 67.94
2001 68.90
2002 69.66
2003 70.23
2004 68.32
2005 68.63
2006 67.26
2007 67.17
2008 66.93
2009 65.83
2010 65.35
2011 64.81
2012 64.72
2013 66.47
2014 65.86
2015 65.41
2016 65.52
2017 65.22
2018 64.78
2019 64.89
2020 63.75

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