Middle Eastern and North Africa Compared by Economy > Household final > Consumption expenditure > Current US$
DEFINITION:
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 in current U.S. dollars.
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Interesting observations about Economy > Household final > Consumption expenditure > Current US$
- United States has had the highest household final > consumption expenditure > current US$ since 1960.
- Mexico ranked first for household final > consumption expenditure > current US$ amongst Hot countries in 2005.
- Turkey ranked first for household final > consumption expenditure > current US$ amongst Muslim countries in 2005.
- China ranked first for household final > consumption expenditure > current US$ amongst Emerging markets in 2005.
- Germany ranked first for household final > consumption expenditure > current US$ amongst Europe in 2005.
- South Africa ranked first for household final > consumption expenditure > current US$ amongst Sub-Saharan Africa in 2005.
- France ranked first for household final > consumption expenditure > current US$ amongst Catholic countries in 2005.
- Kiribati has ranked last for household final > consumption expenditure > current US$ since 1979.
- United Kingdom ranked second for household final > consumption expenditure > current US$ amongst European Union in 2005.
- Russia ranked first for household final > consumption expenditure > current US$ amongst Former Soviet republics in 2005.
