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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.
Household final consumption expenditure (POES) is a transaction of the national account's use of income account representing consumer spending. It consists of the expenditure incurred by resident households on individual consumption goods and services, including those sold at prices that are not economically significant.
The countries are sorted by their household final consumption expenditure (HFCE) which represents consumer spending in nominal terms. [1] 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.
What does the average U.S. household spend on groceries per month? According to 2022 data from the Bureau of Labor Statistics, which is the most recent available, the average spending on food at ...
Transportation is one of the highest household expenditures in the U.S. at $12,295 annually (as of 2023), according to the U.S. Department of Transportation. And nearly one-quarter of the American ...
Ancillary motor vehicle costs—so-called hidden costs like car insurance and vehicle repair—make up 3% of the typical consumer's total expenditure and have increased in price by an average of ...
Household spending United States. In 1929, consumer spending was 75% of the nation's economy. This grew to 83% in 1932, when business spending dropped. Consumer spending dropped to about 50% during World War II due to large expenditures by the government and lack of consumer products. Consumer spending in the US rose from about 62% of GDP in ...
Classification of Individual Consumption According to Purpose (COICOP) is a Reference Classification published by the United Nations Statistics Division that divides the purpose of individual consumption expenditures incurred by three institutional sectors, namely households, non-profit institutions serving households, and general government.