South Africa - Household final consumption expenditure (current LCU)

The value for Household final consumption expenditure (current LCU) in South Africa was 3,437,070,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 3,576,750,000,000 in 2019 and a minimum value of 3,347,000,000 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 3,347,000,000
1961 3,467,000,000
1962 3,641,000,000
1963 3,940,000,000
1964 4,363,000,000
1965 4,703,000,000
1966 5,108,000,000
1967 5,548,000,000
1968 6,134,000,000
1969 6,873,000,000
1970 7,736,000,000
1971 8,667,000,000
1972 9,679,000,000
1973 11,330,000,000
1974 13,318,000,000
1975 16,058,000,000
1976 18,158,000,000
1977 20,120,000,000
1978 22,447,000,000
1979 26,062,000,000
1980 32,858,000,000
1981 40,759,000,000
1982 47,901,000,000
1983 55,863,000,000
1984 64,968,000,000
1985 73,693,000,000
1986 87,788,000,000
1987 105,036,000,000
1988 127,716,000,000
1989 151,504,000,000
1990 183,410,000,000
1991 211,708,000,000
1992 240,282,000,000
1993 306,952,000,000
1994 351,397,000,000
1995 403,019,000,000
1996 452,942,000,000
1997 508,464,000,000
1998 554,592,000,000
1999 611,391,000,000
2000 691,110,000,000
2001 761,515,000,000
2002 852,896,000,000
2003 922,602,000,000
2004 1,052,100,000,000
2005 1,168,210,000,000
2006 1,307,910,000,000
2007 1,489,370,000,000
2008 1,646,300,000,000
2009 1,732,560,000,000
2010 1,905,710,000,000
2011 2,093,800,000,000
2012 2,293,240,000,000
2013 2,470,750,000,000
2014 2,633,120,000,000
2015 2,815,210,000,000
2016 3,011,900,000,000
2017 3,199,720,000,000
2018 3,408,420,000,000
2019 3,576,750,000,000
2020 3,437,070,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts