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

Households and NPISHs final consumption expenditure (% of GDP) in Pakistan was 79.29 as of 2020. Its highest value over the past 60 years was 83.88 in 1961, while its lowest value was 68.34 in 1991.

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 82.24
1961 83.88
1962 82.07
1963 78.91
1964 75.45
1965 76.31
1966 71.83
1967 76.33
1968 77.46
1969 78.02
1970 76.79
1971 76.84
1972 75.61
1973 75.21
1974 80.81
1975 81.88
1976 79.18
1977 79.04
1978 81.23
1979 83.23
1980 83.00
1981 80.57
1982 81.34
1983 80.12
1984 80.22
1985 81.61
1986 76.29
1987 72.61
1988 72.04
1989 70.58
1990 71.39
1991 68.34
1992 70.16
1993 72.37
1994 71.30
1995 72.42
1996 72.88
1997 74.88
1998 72.07
1999 75.69
2000 75.46
2001 76.21
2002 75.78
2003 74.51
2004 74.86
2005 78.35
2006 77.65
2007 77.90
2008 81.87
2009 79.21
2010 79.72
2011 81.15
2012 82.45
2013 80.82
2014 81.02
2015 79.77
2016 80.02
2017 81.91
2018 82.04
2019 82.83
2020 79.29

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