World - Household final consumption expenditure, PPP (current international $)
The latest value for Household final consumption expenditure, PPP (current international $) in World was 69,709,500,000,000 as of 2018. Over the past 28 years, the value for this indicator has fluctuated between 69,709,500,000,000 in 2018 and 14,595,100,000,000 in 1990.
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 converted to current international dollars using purchasing power parity rates based on the 2011 ICP round.
Source: World Bank, International Comparison Program database.
Aggregation method: Gap-filled total
Sub-Topic: Purchasing power parity