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

Household final consumption expenditure, etc. (% of GDP) in Morocco was 57.93 as of 2016. Its highest value over the past 56 years was 80.55 in 1961, while its lowest value was 56.54 in 2004.

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 77.05
1961 80.55
1962 79.51
1963 77.43
1964 76.13
1965 76.11
1966 77.60
1967 76.56
1968 76.18
1969 74.31
1970 73.43
1971 72.51
1972 72.99
1973 72.74
1974 68.14
1975 69.39
1976 67.95
1977 67.16
1978 67.47
1979 67.04
1980 60.49
1981 62.15
1982 60.76
1983 64.28
1984 62.13
1985 60.42
1986 61.29
1987 61.14
1988 58.15
1989 57.63
1990 58.75
1991 62.25
1992 61.74
1993 61.13
1994 62.42
1995 62.94
1996 63.15
1997 61.36
1998 60.28
1999 60.73
2000 61.63
2001 57.50
2002 57.85
2003 56.86
2004 56.54
2005 57.25
2006 57.24
2007 57.94
2008 58.33
2009 58.62
2010 58.76
2011 59.55
2012 60.41
2013 59.93
2014 60.05
2015 57.52
2016 57.93

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