Syrian Arab Republic - Households and NPISHs final consumption expenditure (% of GDP)

Households and NPISHs final consumption expenditure (% of GDP) in Syrian Arab Republic was 93.90 as of 2019. Its highest value over the past 59 years was 112.37 in 2014, while its lowest value was 59.54 in 2002.

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 77.65
1961 76.55
1962 70.30
1963 76.62
1964 77.84
1965 75.06
1966 78.00
1967 75.25
1968 70.74
1969 71.85
1970 72.71
1971 72.62
1972 70.21
1973 63.98
1974 72.28
1975 66.02
1976 62.78
1977 66.92
1978 68.57
1979 68.61
1980 66.04
1981 73.02
1982 65.05
1983 67.49
1984 64.91
1985 65.56
1986 67.07
1987 77.12
1988 82.07
1989 67.84
1990 68.72
1991 74.43
1992 73.78
1993 73.47
1994 68.93
1995 66.23
1996 70.89
1997 69.13
1998 68.62
1999 70.31
2000 63.39
2001 60.75
2002 59.54
2003 60.47
2004 59.93
2005 61.31
2006 63.37
2007 66.51
2008 71.18
2009 71.94
2010 65.89
2011 77.54
2012 92.59
2013 95.58
2014 112.37
2015 104.48
2016 110.39
2017 110.06
2018 97.79
2019 93.90

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