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

Household final consumption expenditure, etc. (% of GDP) in Rwanda was 76.81 as of 2016. Its highest value over the past 56 years was 137.27 in 1994, while its lowest value was 71.00 in 1977.

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 81.51
1961 81.64
1962 84.96
1963 87.97
1964 81.54
1965 80.91
1966 85.31
1967 86.29
1968 89.61
1969 91.26
1970 87.95
1971 87.63
1972 87.71
1973 81.02
1974 86.68
1975 78.15
1976 74.30
1977 71.00
1978 76.62
1979 76.55
1980 83.31
1981 78.60
1982 81.91
1983 83.89
1984 81.02
1985 80.53
1986 79.75
1987 82.52
1988 83.00
1989 85.04
1990 83.66
1991 84.65
1992 82.59
1993 84.30
1994 137.27
1995 96.95
1996 94.31
1997 94.48
1998 92.77
1999 86.16
2000 86.54
2001 83.29
2002 83.57
2003 81.96
2004 80.35
2005 79.79
2006 78.67
2007 75.19
2008 79.87
2009 80.77
2010 80.78
2011 80.24
2012 79.35
2013 77.80
2014 77.81
2015 79.62
2016 76.81

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