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

Households and NPISHs final consumption expenditure (% of GDP) in South Africa was 62.25 as of 2020. Its highest value over the past 60 years was 66.05 in 1999, while its lowest value was 50.84 in 1980.

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 61.86
1961 60.88
1962 59.98
1963 58.54
1964 58.88
1965 58.09
1966 57.88
1967 56.38
1968 57.66
1969 57.34
1970 58.80
1971 59.60
1972 58.95
1973 55.73
1974 53.25
1975 56.97
1976 57.05
1977 56.92
1978 55.23
1979 53.69
1980 50.84
1981 54.35
1982 56.25
1983 57.36
1984 56.94
1985 55.97
1986 56.90
1987 58.24
1988 59.02
1989 58.33
1990 61.35
1991 61.86
1992 62.62
1993 63.82
1994 64.47
1995 64.70
1996 64.54
1997 65.30
1998 65.58
1999 66.05
2000 65.62
2001 65.31
2002 62.68
2003 61.90
2004 63.67
2005 63.59
2006 63.57
2007 63.47
2008 63.04
2009 62.01
2010 62.37
2011 62.93
2012 64.30
2013 63.87
2014 63.70
2015 63.68
2016 63.28
2017 63.01
2018 63.62
2019 63.81
2020 62.25

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