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

Household final consumption expenditure, etc. (% of GDP) in Togo was 82.81 as of 2016. Its highest value over the past 56 years was 94.46 in 2004, while its lowest value was 32.41 in 1974.

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 77.88
1961 72.59
1962 75.31
1963 79.55
1964 68.20
1965 65.28
1966 64.97
1967 66.81
1968 65.82
1969 63.78
1970 58.29
1971 55.22
1972 58.18
1973 59.81
1974 32.41
1975 60.91
1976 51.92
1977 58.85
1978 41.40
1979 51.95
1980 54.48
1981 63.82
1982 68.07
1983 63.43
1984 71.32
1985 79.02
1986 75.32
1987 73.70
1988 79.44
1989 78.89
1990 71.09
1991 73.46
1992 81.13
1993 84.14
1994 75.51
1995 76.72
1996 80.07
1997 89.24
1998 86.32
1999 87.07
2000 87.59
2001 89.06
2002 88.02
2003 91.00
2004 94.46
2005 90.83
2006 89.71
2007 92.75
2009 86.48
2010 89.17
2011 89.06
2012 76.74
2013 79.56
2014 81.06
2015 88.75
2016 82.81

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