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

Household final consumption expenditure, etc. (% of GDP) in Tunisia was 71.17 as of 2016. Its highest value over the past 51 years was 71.17 in 2016, while its lowest value was 49.85 in 1968.

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
1965 52.26
1966 52.70
1967 54.26
1968 49.85
1969 50.65
1970 64.74
1971 63.15
1972 62.10
1973 63.93
1974 57.81
1975 59.24
1976 59.11
1977 61.70
1978 60.67
1979 58.35
1980 61.54
1981 61.35
1982 62.28
1983 57.94
1984 58.60
1985 58.83
1986 62.74
1987 60.56
1988 62.35
1989 62.14
1990 63.62
1991 62.40
1992 61.73
1993 62.02
1994 61.97
1995 62.92
1996 60.94
1997 61.48
1998 61.59
1999 61.05
2000 60.61
2001 61.17
2002 62.74
2003 62.90
2004 62.31
2005 61.79
2006 61.73
2007 61.56
2008 60.85
2009 61.16
2010 61.89
2011 65.94
2012 66.33
2013 67.67
2014 68.74
2015 70.98
2016 71.17

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 Thus the estimates quickly become outdated and must be supplemented by estimates using price- and quantity-based statistical procedures.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