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

Households and NPISHs final consumption expenditure (% of GDP) in Senegal was 69.16 as of 2020. Its highest value over the past 60 years was 83.22 in 1993, while its lowest value was 64.15 in 1974.

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 80.35
1961 80.91
1962 82.65
1963 82.18
1964 82.21
1965 79.56
1966 79.04
1967 77.42
1968 73.44
1969 73.09
1970 68.22
1971 69.58
1972 66.96
1973 69.86
1974 64.15
1975 67.03
1976 70.22
1977 69.56
1978 72.24
1979 71.31
1980 73.94
1981 72.47
1982 75.10
1983 78.68
1984 78.65
1985 77.54
1986 79.74
1987 76.40
1988 79.15
1989 79.72
1990 79.75
1991 80.38
1992 80.81
1993 83.22
1994 81.93
1995 79.83
1996 80.64
1997 78.57
1998 78.80
1999 77.00
2000 78.69
2001 77.35
2002 78.62
2003 78.42
2004 79.14
2005 78.27
2006 80.35
2007 79.96
2008 82.05
2009 79.55
2010 78.25
2011 79.14
2012 77.83
2013 77.26
2014 74.27
2015 72.62
2016 71.59
2017 70.40
2018 69.46
2019 68.51
2020 69.16

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