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The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending in nominal terms. [ 1 ] [ 2 ] A large (and especially larger than the whole economy (100% GDP)) percentage typically indicates the existence of an informal economy , at least in terms of income.
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This is a list of countries by household final consumption expenditure per capita, that is, the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households during one year, divided by the country's average (or mid-year) population for the same year.
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According to Wells Fargo, consumers had accumulated as much as $2.1 trillion in excess savings during this period. That’s a lot of extra spending power in an economy with $25 trillion in annual GDP.
Spending by consumers rose by a brisk 0.4% in September the government said Friday — even after adjusting for inflation and even as Americans face ever-higher borrowing costs. Economists c
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Spending on goods: Some companies producing goods, which consumers have cast aside in favor of experiences for the last two years after staying cooped up indoors during the pandemic, also warned ...