Mongolia - Household final consumption expenditure (constant LCU)

The value for Household final consumption expenditure (constant LCU) in Mongolia was 18,153,200,000,000 as of 2020. As the graph below shows, over the past 10 years this indicator reached a maximum value of 18,153,200,000,000 in 2020 and a minimum value of 8,159,920,000,000 in 2010.

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 constant local currency.

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

Year Value
2010 8,159,920,000,000
2011 9,451,410,000,000
2012 10,680,200,000,000
2013 12,328,600,000,000
2014 13,105,000,000,000
2015 14,171,900,000,000
2016 14,421,400,000,000
2017 15,041,300,000,000
2018 16,805,700,000,000
2019 17,787,100,000,000
2020 18,153,200,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts