Singapore - Household final consumption expenditure (current LCU)

The value for Household final consumption expenditure (current LCU) in Singapore was 154,846,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 182,046,000,000 in 2019 and a minimum value of 1,929,300,000 in 1960.

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 current local currency.

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

Year Value
1960 1,929,300,000
1961 2,117,100,000
1962 2,204,700,000
1963 2,337,000,000
1964 2,249,100,000
1965 2,352,400,000
1966 2,570,000,000
1967 2,868,900,000
1968 3,197,600,000
1969 3,461,700,000
1970 3,947,600,000
1971 4,564,300,000
1972 5,111,200,000
1973 6,399,500,000
1974 7,759,500,000
1975 8,248,200,000
1976 8,735,600,000
1977 9,387,100,000
1978 10,268,300,000
1979 11,431,900,000
1980 13,063,800,000
1981 14,545,700,000
1982 15,544,500,000
1983 16,638,100,000
1984 18,168,100,000
1985 18,287,000,000
1986 19,048,200,000
1987 21,467,500,000
1988 24,825,800,000
1989 28,095,700,000
1990 31,425,400,000
1991 33,963,300,000
1992 36,795,100,000
1993 42,716,800,000
1994 48,363,300,000
1995 50,866,600,000
1996 54,883,400,000
1997 59,138,900,000
1998 56,604,300,000
1999 61,279,300,000
2000 69,325,800,000
2001 74,401,500,000
2002 76,523,500,000
2003 77,463,800,000
2004 81,658,800,000
2005 84,765,600,000
2006 89,990,900,000
2007 100,260,000,000
2008 109,442,000,000
2009 110,425,000,000
2010 118,818,000,000
2011 128,656,000,000
2012 137,574,000,000
2013 143,685,000,000
2014 149,942,000,000
2015 157,344,000,000
2016 160,687,000,000
2017 166,880,000,000
2018 175,131,000,000
2019 182,046,000,000
2020 154,846,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts