Household final consumption expenditure per capita growth (annual %)Source: World Development Indicators
Description: Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2000 prices and World Bank population estimates. Household final consumption expenditure (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.
Organization: World Bank national accounts data, and OECD National Accounts data files.
Topic: Economic Policy and External Debt
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Data source: World Bank