Household final consumption expenditure, PPP (current international $)Source: World Development Indicators
Description: 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.
Organization: World Bank, International Comparison Program database.
Topic: Economic Policy and External Debt
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Data source: World Bank