Consumption (annual variation in %)

Consumption (annual variation in %)

Private consumption, also referred to as personal consumption, consumer expenditure, or personal consumption expenditures (PCE), measures consumer spending on goods and services. Private consumption includes all purchases made by consumers, such as food, housing (rents), energy, clothing, health, leisure, education, communication, transport as well as hotels and restaurant services. It also includes durable goods (such as cars), but not households’ purchases of dwellings, which are counted as household investment.

Consumer spending accounts for between half and two-thirds of Gross Domestic Product (GDP) in most countries. Generally, the poorer the country the higher the share of consumption, but there are notable exceptions to this rule (i.e. China, with a rather low ratio, and the United States, with a high proportion). Since private consumption accounts for the largest part of GDP, it is the key engine that drives economic growth.

The table below shows the real percent changes (adjusted for inflation) in private consumption for the last five years.

Looking for forecasts? Met the why particular Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.

Consumption Data

20132014201520162017
Albania1.82.80.92.62.9
Algeria3.43.23.62.6-  
Angola8.312.73.0-  -  
Argentina3.6-4.43.7-1.03.6
Armenia0.91.0-7.8-1.18.8
Australia-  -  -  -  -  
Austria-0.10.30.51.51.4
Bahrain9.9-0.71.90.5-  
Belarus11.94.3-2.4-3.92.9
Belgium0.80.60.91.71.3
Bolivia6.45.65.83.1-  
Bosnia and Herzegovina0.81.41.82.32.6
Brazil3.52.3-3.2-4.31.0
Bulgaria-2.52.74.33.54.8
Canada2.62.72.12.43.5
Chile5.52.72.12.22.4
China6.87.97.27.8-  
Colombia4.84.63.41.42.2
Costa Rica3.03.94.23.32.7
Croatia-1.9-1.61.03.43.6
Cyprus-5.90.72.63.34.2
Czech Republic0.51.83.83.64.0
Denmark0.30.91.62.11.5
Dominican Republic2.63.85.34.84.7
Ecuador5.13.50.3-3.34.7
Egypt3.34.43.14.64.2
El Salvador3.30.02.11.30.7
Estonia3.33.24.44.32.2
Eurozone-0.60.91.81.91.7
Finland-0.50.81.71.71.7
France0.60.81.41.91.2
Germany0.61.01.72.11.8
Ghana15.9-5.94.32.9-  
Greece-2.60.6-0.50.00.1
Guatemala3.94.15.13.53.4
Haiti2.70.92.31.22.7
Honduras3.71.73.64.34.3
Hong Kong4.63.34.82.05.5
Hungary0.52.43.43.84.1
Iceland0.83.24.77.17.8
India7.36.47.47.3-  
Indonesia5.45.15.05.04.9
Iran-  -  -  -  -  
Ireland-0.72.04.23.31.9
Israel3.74.23.75.53.2
Italy-2.40.21.91.41.4
Jamaica-1.0-0.8-0.5-0.2-  
Japan2.4-0.90.00.11.0
Kazakhstan11.61.11.81.21.5
Kenya8.44.35.24.77.0
Korea1.91.82.22.52.6
Kuwait5.62.61.54.8-  
Latvia5.11.42.53.35.1
Lithuania4.34.04.04.93.8
Luxembourg2.22.33.42.42.3
Macedonia1.92.14.53.12.9
Malaysia7.37.06.06.07.0
Malta2.02.35.12.83.9
Mexico1.82.13.43.73.0
Morocco3.23.12.33.44.2
Mozambique5.94.74.95.1-  
Netherlands-1.00.32.01.61.9
New Zealand3.53.23.85.04.5
Nicaragua3.84.25.25.33.8
Nigeria21.20.5-0.4-3.7-  
Norway2.82.12.61.52.5
Oman6.05.1-0.6-0.6-  
Panama7.26.53.44.8-  
Paraguay4.53.81.90.9-  
Peru5.94.24.92.72.3
Philippines5.65.66.37.15.9
Poland0.32.63.03.94.8
Portugal-1.32.32.12.12.3
Qatar-  -  -  -  -  
Romania2.64.25.88.011.2
Russia5.22.0-9.4-2.83.4
Saudi Arabia3.26.16.82.22.0
Serbia-0.4-1.30.40.81.8
Singapore3.63.45.01.73.1
Slovakia-0.81.42.32.63.7
Slovenia-4.21.92.14.33.2
South Africa2.00.81.80.72.2
Spain-3.21.53.02.92.4
Sweden1.92.13.12.22.2
Switzerland2.61.31.81.51.2
Taiwan2.33.42.62.32.3
Tanzania8.54.51.416.6-  
Thailand0.90.82.33.03.2
Trinidad and Tobago-13.6-0.98.9-  -  
Tunisia3.04.13.23.1-  
Turkey7.93.05.43.76.1
USA1.52.93.62.72.8
Ukraine6.9-8.3-20.72.17.8
United Arab Emirates5.212.3-19.1-11.3-  
United Kingdom1.72.12.62.91.7
Uruguay5.53.0-0.50.14.4
Uzbekistan9.711.911.67.0-  
Vietnam5.26.19.37.3-  
Zambia-  -  -  -  -  

Download Sample Report

Download

Consumption Economic News

  • China: Economic growth continues to decelerate in Q4

    January 21, 2019

    In the final quarter of 2018, the Chinese economy expanded at the slowest pace since 2009 on the back of spillovers from financial deleveraging and downbeat economic sentiment due to the trade spat with the United States.

    Read more

  • Finland: The economy growth slows to a four-month low in November

    January 15, 2019

    Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%.

    Read more

  • Angola:

    January 14, 2019

    According to preliminary national accounts data released by the Statistical Institute (INE) on 14 January, the economy remained in recession in the third quarter of 2018.

    Read more

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Search form