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

Household final consumption expenditure, etc. (% of GDP) in Spain was 57.64 as of 2016. Its highest value over the past 46 years was 65.57 in 1981, while its lowest value was 56.10 in 2009.

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
1970 63.41
1971 63.82
1972 63.33
1973 62.93
1974 63.25
1975 63.41
1976 64.82
1977 64.36
1978 63.40
1979 63.94
1980 65.03
1981 65.57
1982 65.27
1983 64.71
1984 63.38
1985 63.09
1986 62.22
1987 62.22
1988 61.43
1989 61.69
1990 61.10
1991 61.04
1992 61.73
1993 61.70
1994 61.57
1995 60.95
1996 60.47
1997 60.23
1998 59.77
1999 59.68
2000 59.70
2001 59.21
2002 58.50
2003 57.63
2004 57.94
2005 57.67
2006 57.26
2007 56.98
2008 56.76
2009 56.10
2010 57.24
2011 57.81
2012 58.79
2013 58.35
2014 58.65
2015 57.99
2016 57.64

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 Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures.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


Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts