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

Households and NPISHs final consumption expenditure (% of GDP) in Turkey was 56.75 as of 2020. Its highest value over the past 60 years was 70.60 in 1991, while its lowest value was 51.11 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
1960 56.39
1961 56.33
1962 55.42
1963 54.94
1964 53.58
1965 52.46
1966 52.09
1967 51.28
1968 51.11
1969 51.20
1970 51.96
1971 56.21
1972 56.52
1973 57.83
1974 61.03
1975 58.95
1976 56.07
1977 57.14
1978 57.94
1979 55.47
1980 61.15
1981 59.23
1982 59.42
1983 62.28
1984 63.07
1985 58.20
1986 53.96
1987 68.28
1988 63.49
1989 65.61
1990 68.58
1991 70.60
1992 69.53
1993 69.09
1994 69.96
1995 70.31
1996 67.27
1997 68.04
1998 64.57
1999 66.04
2000 66.95
2001 64.84
2002 63.83
2003 65.31
2004 64.28
2005 63.40
2006 61.72
2007 62.08
2008 61.08
2009 61.57
2010 62.68
2011 62.71
2012 61.91
2013 61.30
2014 60.37
2015 60.02
2016 59.41
2017 58.61
2018 56.19
2019 56.88
2020 56.75

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