United Kingdom - Household final consumption expenditure (constant LCU)

The value for Household final consumption expenditure (constant LCU) in United Kingdom was 1,219,710,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 1,362,410,000,000 in 2019 and a minimum value of 394,699,000,000 in 1970.

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. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1970 394,699,000,000
1971 407,275,000,000
1972 433,182,000,000
1973 457,171,000,000
1974 449,749,000,000
1975 449,149,000,000
1976 451,362,000,000
1977 449,567,000,000
1978 473,629,000,000
1979 494,309,000,000
1980 493,891,000,000
1981 494,695,000,000
1982 500,097,000,000
1983 521,083,000,000
1984 533,147,000,000
1985 553,861,000,000
1986 589,661,000,000
1987 622,114,000,000
1988 670,371,000,000
1989 693,769,000,000
1990 700,533,000,000
1991 686,079,000,000
1992 696,894,000,000
1993 727,110,000,000
1994 752,699,000,000
1995 768,987,000,000
1996 797,410,000,000
1997 837,877,000,000
1998 873,216,000,000
1999 911,726,000,000
2000 951,715,000,000
2001 980,698,000,000
2002 1,011,970,000,000
2003 1,045,030,000,000
2004 1,076,090,000,000
2005 1,099,070,000,000
2006 1,116,980,000,000
2007 1,141,480,000,000
2008 1,139,390,000,000
2009 1,108,940,000,000
2010 1,128,180,000,000
2011 1,126,470,000,000
2012 1,146,540,000,000
2013 1,173,250,000,000
2014 1,204,100,000,000
2015 1,247,430,000,000
2016 1,293,310,000,000
2017 1,314,400,000,000
2018 1,345,390,000,000
2019 1,362,410,000,000
2020 1,219,710,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts